{"id":127916,"date":"2002-07-29T00:00:00","date_gmt":"2002-07-28T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sebi-vs-veerbhumi-plantations-i-ltd-on-29-july-2002"},"modified":"2017-04-07T08:12:52","modified_gmt":"2017-04-07T02:42:52","slug":"sebi-vs-veerbhumi-plantations-i-ltd-on-29-july-2002","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sebi-vs-veerbhumi-plantations-i-ltd-on-29-july-2002","title":{"rendered":"Sebi vs Veerbhumi Plantations (I) Ltd., &#8230; on 29 July, 2002"},"content":{"rendered":"<div class=\"docsource_main\">Securities Appellate Tribunal<\/div>\n<div class=\"doc_title\">Sebi vs Veerbhumi Plantations (I) Ltd., &#8230; on 29 July, 2002<\/div>\n<div class=\"doc_bench\">Bench: G Bajpai<\/div>\n<\/p>\n<pre><\/pre>\n<p>ORDER<\/p>\n<p>  G.N. Bajpai, Chairman   <\/p>\n<p> 1. Vide Order dated February 5, 2002, directions under Section 11B of the SEBI Act, 1992 read with Regulations 65 &amp; 73 of SEBI (Collective Investment Schemes) Regulations, 1999 were issued to you as you, having failed to get registration from SEBI, had failed to wind up your existing collective investment schemes and make repayments to your investors in accordance with the provisions of the SEBI (Collective Investment Schemes) Regulations, 1999. As per the said Order, you were directed to refund the money collected under the scheme(s) with returns which is due to the investors as per the terms of the offer within a period of one month from the date of the said Order.  <\/p>\n<p>2. As you have failed to comply with the directions of the said Order, you have violated the provisions of Regulation 73 of the SEBI (Collective Investment Schemes) Regulations, 1999.  <\/p>\n<p>3. Now, therefore, in exercise of the powers conferred under Section 11B of the SEBI Act, 1992, I hereby debar you\/your promoters\/your directors\/your managers\/persons in charge of the business of your schemes (whose names are mentioned in Annexure) from operating in the capital market and from accessing the capital market for a period of 5 years from the date of this Order.  <\/p>\n<p> Annexure  <\/p>\n<p> Names of promoters  <\/p>\n<p> Mr. K.D. Sharma &#8211; also director  <\/p>\n<p>(S\/o Mr. Jagat Ram)  <\/p>\n<p>Mrs. Sudesh Sharma  <\/p>\n<p>(W\/o Mr. K.D. Sharma)  <\/p>\n<p>Mrs. Kabita Sahu &#8211; also director  <\/p>\n<p>(W\/o Mr. L.N. Sahu)  <\/p>\n<p>Mr. Rajesh Sharma  <\/p>\n<p>(S\/o Mr. Prem Chand)  <\/p>\n<p>Mrs. Rashpal Kaur  <\/p>\n<p>(W\/o Mr. Kirpal Chand)  <\/p>\n<p>Mr. K.K. Sangral  <\/p>\n<p>(S\/o Mr. Boli Ram)  <\/p>\n<p>Mr. Som Datt  <\/p>\n<p>(S\/o Mr. Jagat Ram)  <\/p>\n<p>Mr. N.K. Jain  <\/p>\n<p>(S\/o Mr. Des Raj Jain)  <\/p>\n<p> Names of other directors  <\/p>\n<p> Mr. Sanjay Rath  <\/p>\n<p>Mr. Veerji Pandit  <\/p>\n<p>Mr. Amrish Kala  <\/p>\n<p>Mr. Bidut Majumdar  <\/p>\n<p> Names of managers\/ persons in-charge of business of schemes  <\/p>\n<p> Mr. Nanak Chand  <\/p>\n<p>Mr. Hiraji Singh  <\/p>\n<p>Mr. J.P. Giri  <\/p>\n<p>Mr. D.K. Das  <\/p>\n<p>Mr. Manohar Rasnakar  <\/p>\n<p>Mr. Chandan Sharma  <\/p>\n<p>Mr. Mahesh Sharma  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Securities Appellate Tribunal Sebi vs Veerbhumi Plantations (I) Ltd., &#8230; on 29 July, 2002 Bench: G Bajpai ORDER G.N. Bajpai, Chairman 1. Vide Order dated February 5, 2002, directions under Section 11B of the SEBI Act, 1992 read with Regulations 65 &amp; 73 of SEBI (Collective Investment Schemes) Regulations, 1999 were issued to you as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-127916","post","type-post","status-publish","format-standard","hentry","category-judgements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sebi vs Veerbhumi Plantations (I) Ltd., ... on 29 July, 2002 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/sebi-vs-veerbhumi-plantations-i-ltd-on-29-july-2002\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi vs Veerbhumi Plantations (I) Ltd., ... on 29 July, 2002 - Free Judgements of Supreme Court &amp; 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