Ex-parte order on Unicon Capital Services
Moneylife Digital Team 10 December 2014
Directors and key management personnel of Unicon Capital Services are prohibited from accessing the securities market by a SEBI order.
 
Rajeev Kumar Agarwal, whole time member, SEBI, passed an order restraining Unicon Capital Services Pvt. Ltd. and its directors, namely, Gajendra Nagpal and Ram Mohan Gupta and its two key management personnel , Pawan Dhanuka and Pritam Pandya from accessing the securities market.
 
They have been prohibited (by the SEBI order) from buying, selling or dealing in securities market, either directly or indirectly or being associated with the securities market in any manner whatsoever, with immediate effect, till further directions.
 
The order was passed for their having failed to act in accordance with the requirements of the SEBI Act, 1992, the SEBI (Merchant Bankers) Regulations, 1992, the SEBI (ICDR) Regulations 2009 and SEBI circular dated January 4, 2005.
 
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