SEBI takes appropriate enforcement actions (adjudication, directions etc) as provided under the law where progress in redressal of investor grievances is not satisfactory. Accordingly, directions under section 11B/11 (4) (b) of SEBI Act were passed against the following companies and its directors debarring them from accessing the securities market and from buying, selling or dealing in securities directly or indirectly, in whatsoever manner, till all the investor’s grievances against the company are resolved
by them:
| Year |
Sl.No. |
Name of the company |
Date of order |
| 201213 |
1 |
Shukla Data Technics Ltd |
13/4/2012 |
| 2 |
Top Telemedia Limited |
10/8/2012 |
| 3 |
International Hometex Ltd. |
10/8/2012 |
| 4 |
Alpine Industries Ltd. |
12/7/2012 |
| 201112 |
1 |
Aashi Industries Ltd |
7/4/2011 |
| 2 |
AEC Enterprises Limited |
7/4/2011 |
| 3 |
Dharnendra Industries Ltd |
7/4/2011 |
| 4 |
Dharnendra Overseas Ltd |
7/4/2011 |
| 5 |
Enkay Texofood Industries Ltd |
6/7/2011 |
| 6 |
Kaleidoscope Films Ltd. (Formerly known as Gujarat Incatel Telecommunications Ltd. & Gujarat Investment Castings Ltd.) |
26/5/2011 |
| 7 |
Solid Carbide Tools Ltd |
8/4/2011 |
| 201011 |
1 |
Akar Laminators Ltd. |
8/12/2010 |
| 2 |
Bhuvan Tripura Industries Ltd. |
8/12/2010 |
| 3 |
Binaca Synthetic Resins Ltd |
8/12/2010 |
| 4 |
Chicago Software Industries Limited |
8/12/2010 |
| 5 |
D R Softech & Industries Limited (FormerlyKnown As D R Industries Ltd) |
13/12/2010 |
| 6 |
Hindustan Industrial Chemicals Ltd |
8/12/2010 |
| 7 |
Ishwar Medical Service Ltd |
8/12/2010 |
| 8 |
Kanel Oil & Export Industries Ltd |
15/12/2010 |
| 9 |
Kolar Information Technologies Ltd (KolarBiotech Ltd.) |
15/12/2010 |
| 10 |
Motorol Enterprise Ltd |
15/12/2010 |
In addition to above, SEBI has imposed monetary penalty under Section 15C of SEBI Act against the following companies through adjudication proceedings for their failure to redress investor grievances:
| Year |
Sl.No. |
Name of the company |
Penalty amount |
Date of the adjudication order |
| April 2013 till date |
1 |
Dhampure Specialty Sugars Ltd |
10,000 |
10/4/2013 |
| 2 |
Usha (India) Ltd |
26,33,000 |
18/04/2013 |
| 3 |
Universal Office Automation Ltd |
10,000 |
29/04/2013 |
| 201213 |
1 |
Raj Irrigation pipes & fittings Ltd |
75,000 |
31/05/2012 |
| 2 |
Satguru Agro Industries Ltd |
2,00,000 |
28/06/2012 |
| 3 |
Simco industries Ltd |
1,50,000 |
29/06/2012 |
| 4 |
Jord Engineers India Ltd |
2,00,000 |
28/06/2012 |
| 5 |
Gujarat Aqua Industries Ltd |
10,000 |
9/10/2012 |
| 6 |
Gujarat Filaments Ltd |
5,00,000 |
9/10/2012 |
| 7 |
Earnest Healthcare Ltd |
10,00,000 |
12/11/2012 |
| 8 |
Lohia Polyesters Ltd |
5,00,000 |
20/11/2012 |
| 9 |
Kanel Oil & Export Industries Ltd |
5,00,000 |
6/12/2012 |
| 10 |
Sabero Organics Gujarat Ltd |
Resolved allcomplaints and paid Rs. 6,80,000 under consent. (Order dated 29/11/2012) |
NA |
| 11 |
Roselabs Industries Ltd |
12,00,000 |
10/12/2012 |
| 201112 |
1 |
Western India Shipyard Ltd |
2,00,000 |
26/07/2011 |
| 2 |
Pantaloon Retail (India) Ltd |
Resolved all pending complaints and paid Rs. 7,50,000 under consent. (Order dated 5/12/2012) |
13/10/2011 |
| 3 |
Parsoli Corporation Ltd |
1,00,000 |
31/10/2011 |
| 4 |
ICES Software Ltd |
30,000 |
9/3/2012 |
| 5 |
| Jay Energy and S. Energies Ltd |
|
45,00,000 |
30/03/2012 |
| 201011 |
1 |
Nexus Software Ltd. |
10,00,000 |
28/07/2010 |
| 2 |
Kaleidoscope Films Ltd. (formerly known as Gujarat Investment Castings Ltd) |
17,00,000 (Reduced to Rs. 7,00,000 by SAT) |
23/03/2011 |
| 3 |
Motorol Enterprise Ltd. |
25,00,000 |
25/03/2011 |
