SEBI Interim Order in IPO scam ~ IPO India: IPO News India, Latest IPO News from Share Market India, Indian IPO News

Friday, September 12, 2008

SEBI Interim Order in IPO scam

SEBI has confirmed the directions in the interim order passed in 2006 against Mr Dushyant Natwarlal Dalal and Puloma Dushyant Dalal in the matter of irregularity in IPOs in 2003-05. No direction was issued against Rasila Natwarlal and Natwarlal Thakordas as they were no longer alive and in respect of the demat account of the two deceased persons it was directed they would remain frozen till the passing of the final order in this case, since the said account were found to b e jointly held with Mr Dushyant Dalal, reports The Hindu Business Line.

Source: Moneycontrol.com

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