Mumbai, June 14: Sebi has prohibited Hitek Industries (Bihar) from accessing capital markets for five years on the charge of committing irregularities in public issue and buying, selling and dealing in the scrip. After considering the facts the market regulator found the company guilty of violating the provisions of Sebi regulations and directed that the managing director Prem Prakash Verma be debarred from dealing in securities also for a five-year period, a SEBI release said.
The orders come into effect from May 30, 2003, it added. Bureau Report