Tags:
Journalism of Courage
More than a 18 months after launching a probe in Ketan Parekh and his entities’ alleged involvement in March 2001 crash, Sebi has barred 18 broking entities—mostly from Kolkata —from dealing in securities till investigations in the case are complete.
|
Sebi debars PNB’s Ahmedabad branch
|
|
MUMBAI: Sebi has debarred the Relief Road branch of Punjab National Bank at Ahmedabad from carrying on as a banker to any issue for six months following investigations into the public issue of Dhanlaxmi Lease Finance Ltd. During investigations, it was found that the bank branch had accepted the application forms of Dhanalaxmi Lease Finance after closure of the issue in 1995 and failed to exercise due diligence in weeding out multiple and benami applications, Sebi said in a release here. It also observed that the bank failed to maintain data-wise records of number of applications received, names of investors and the amount received. (ENS)  You have exhausted your
monthly limit of free stories. Read more stories for free
with an Express account. Already have an account? Sign In
This story requires a subscription
Select a plan and use IE10 code to get 10% extra off
Already a subscriber? Sign in
This story requires a subscription
Select a plan and use IE10 code to get 10% extra off
This content is exclusive for our subscribers.
Subscribe now to get unlimited access to The Indian Express exclusive and premium stories.
Already a subscriber? Sign In
|
Dinesh Kumar Singhania, Ashok Kumar Poddar, R.K. Poddar and others are among those directed not to buy, sell or deal in the securities market directly or indirectly till the completion of investigation proceedings against Ketan Parekh and some of his entities.
The persons/entities debarred include: Ashok Kumar Poddar, Prema Poddar, Raj Kumar Poddar, Ratan Lal Poddar, Dinesh Kumar Singhania, Doe Jones Investments & Consultants Pvt Ltd and its directors Raj Kumar Jain and Gopal Singhania, Arihant Exim Scrips Ltd and its directors Basudeo Singhania and Sanjay Kumar Jain and Tripoli Consultancy Services Pvt Ltd and its directors Bhagwati Prasad Singhania and Praveen Kumar Agrawal. Biyani Securities Pvt Ltd and its directors Aloke Biyani, Ravindra Biyani and Harishchandra Biyani.
