May 12, 2005       

 

NOTICE

 

Re:    PUBLIC  NOTICE

 

Members are hereby informed that the Exchange has received a letter bearing no.185/CUS/Certification/Public Notic/5128 dated 29. 04. 2005 form the Custodian’s Office along with which a copy of a Public Notice in connection with certification (lifting of attachment by Hon’ble Special Court, Mumbai) of shares in the name of or dealt with by persons / parties involved in the 1992 Securities “ Scam” has been forwarded. The said Notice, which is self explanatory, is reproduced below.

 

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Office of the Custodian

                               The Special Court (TORTS) Act, 1992

                                     10th Floor, Nariman Bhawan

                           227, Vinay K. Shah Marg, Nariman Point

                                               Mumbai 400 021.

 

PUBLIC NOTICE

 

CERTIFICATION (LIFTING OF ATTACHMENT BY HON’BLE SPECIAL COURT, MUMBAI) OF SHARES IN THE NAME OF OR DEALT WITH BY PERSONS / PARTIES INVOLVED IN THE 1992 SECURITIES “ SCAM”

 

 

          CUSTODIAN appointed under Section 3(1) of the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 had notified certain individuals / entities for their involvement in the offences relating to transactions in securities in 1992. As on date, there are 60 such “Notified parties”. The names of such entities are given at the end of this notice.

 

            All assets belonging to such notified parties stood attached on the date of notification. These assets also include shares belonging to these notified parties. Some of the shares in the name of or dealt with by such notified parties (hereinafter referred to as “tainted shares”) had been purchased prior to notification by bonafide purchasers for value without notice. However, since all properties of the notified persons were attached, a procedure has been laid down for lifting the attachment (hereinafter referred to as  “certification”) of such shares by the Hon’ble Special Court at Mumbai subject to providing sufficient evidence to the satisfaction of Hon’ble Special Court by the purchasers.

 

Vide order dated 16th. March 2005, the Hon’ble Special Court, Mumbai has now laid down a time limit of 60 days from the date of this advertisement for submission of applications for certification by purchasers of such “tainted” shares to the Hon’ble Special Court. The Hon’ble Special Court has also ordered that no application for certification will be entertained by the Custodian or the Hon’ble Special Court on expiry of this period of 60 days and that no claims shall lie against the Custodian or against the notified party / parties for payment of accruals on such shares unless such application for certification of shares has been filed within this period of 60 days.

 

          All purchasers of such “ tainted” shares are therefore hereby called upon to submit their applications for certification of shares to the Hon’ble Special Court addressed to  The Officer On Special Duty, Office of the Special Court, Room No. 25, 3rd. floor, High Court Annexe Building, Mumbai 400 032 within a period of 60 days from this Public Notice and are informed that no applications for certification will be entertained after expiry of this period of 60 days. Further, no claims shall lie against the Custodian or against the notified party / parties for payment of accruals on such shares if the application as mentioned above is not filed within this period of 60 days.

 

            The application for certification may be filed in the Hon’ble Special Court duly notarized by a local notary supported with documents as stated below :

 

(a)       Xerox copy of share certificates and Transfer deeds (both sides)

       for the shares covered by the application.

 

(b)      Bill/Contract Note issued by the broker in favour of the applicant.

 

(c)       Documents in support of payment made.

 

(d)      Delivery Note furnishing the details of shares delivered.

 

(e)       Any other document related to the transaction.

 

 

Name of the Notified parties:

Sr. No.

Name of the Notified party

Date of Notification

1

Mr. Harshad S. Mehta

08.06.1992

2

Mr. Ashwin S. Mehta

08.06.1992

3

Mr. Hitesh S. Mehta

08.06.1992

4

Mr. Sudhir S. Mehta

08.06.1992

5

Mrs. Jyoti H. Mehta

08.06.1992

6

Mrs. Deepika A. Mehta

08.06.1992

7

Mrs. Pratima H. Mehta

08.06.1992

8

M/s.Harshad S. Mehta

08.06.1992

9

M/s.Ashwin S. Mehta

08.06.1992

10

M/s. Jyoti H. Mehta

08.06.1992

11

Growmore Research & Assets Mgt. Ltd.

08.06.1992

12

Growmore Leasing & Investment (P) Ltd.

08.06.1992

13

Growmore Exports (P) Ltd..

08.06.1992

14

Aatur Holdings (P) Ltd.

08.06.1992

15

Harsh Estate (P) Ltd..

08.06.1992

16

Cascade Holdings (P) Ltd.

08.06.1992

17

Orion Travels (P) Ltd.

08.06.1992

18

Fortune Holding (P) Ltd.

08.06.1992

19

Treasure Holding (P) Ltd.

08.06.1992

20

Velvet Holdings (P) Ltd..

08.06.1992

21

Eminent Holdings (P) Ltd.

08.06.1992

22

Pallavi Holdings (P) Ltd.

08.06.1992

23

Zest Holdings (P) Ltd.

08.06.1992

24

Topaz Holdings (P) Ltd.

08.061992

25

Divine Holdings (P) Ltd.

08.06.1992

26

A. D. Narottam

08.06.1992

27

H. P. Dalal

08.06.1992

28

R. Sitaraman

13.06.1992

29

B. C. Dalal

02.07.1992

30

J. P. Gandhi

02.07.1992

31

T. B. Ruia

02.07.1992

32

Fairgrowth Financial Services Ltd.

02.07.1992

33

R. Ganesh

02.07.1992

34

M/s. Dhanraj Mills Pvt. Ltd.

05.08.1992

35

Deepak B. Mehta

07.01.1993

36

Naresh K. Aggarwala..

17.06.1997

37

M/s. Naresh K. Aggarwala & Co.

17.06.1997

38

Mrs. Preeti Aggarwala

17.06.1997

39

Brisk Capital Market Services (P) Ltd

17.06.1997

40

Brisk Financial Consultant (P) Ltd.

17.06.1997

41

Brisk Exports

17.06.1997

42

Brisk International Pvt. Ltd

17.06.1997

43

Peena Investments Pvt. Ltd.

17.06.1997

44

International Portfolios Pvt. Ltd.

17.06.1997

45

Savasthi Investments Pvt. Ltd.

17.06.1997

46

S. Ramaswamy

17.06.1997

47

Jitendra R. Shroff (V. B. Desai & Co)

08.10.2001

48

S. K. Jhaveri

08.10.2001

49

Pallav Sheth

08.10.2001

50

Ketan V. Parekh

08.10.2001

51

Navinchandra N. Parekh

08.10.2001

52

Jaideep Jagdish Pathak

20.11.2001

53

G.N.Hegade

20.11.2001

54

Kishore Narottamdas Amerchand

20.11.2001

55

M/s. Fairgrowth Investments Ltd.

20.11.2001

56

Haresh K. Dalal

20.11.2001

57

Ajay Kayan

20.11.2001

58

M/s. Dhyan Investments and Trading Co. Ltd.

20.11.2001

59

M/s. Rahul & Co.

20.11.2001

60

Gaurishankar Kayan.

20.11.2001

 

 

              Dated: 21st. Day of April 2005

                                                                                               Sd/

                                                                                        CUSTODIAN

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Members are advised to note the Contents of the aforesaid Notice.

 

 

 

 

                                                                                                                        Secretary