Question : AMOUNT DEPOSITED WITH SEBI



(a) Whether the NSDL, CDSL and other depositories Karvy, HDFC Bank, ING Vaisya and IDBI banks were asked by the SEBI to deposit Rs. 116 crore as fine;

(b) if so, whether the said companies have deposited the said amount;

(c) if not, the reasons therefor;

(d) the number of cases going on in SEBI and courts, Tribunals till June 30 regarding the irregularities and scams in the share markets; and

(e) the names and the serial-wise details of all such companies including the foreign and public-sector companies and the details of the scams and irregularities committed by these companies?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)

(a) : SEBI has informed that vide its order dated November 21, 2006, it directed NSDL, CDSL and a few Depository Participants to jointly and severally disgorge an amount of Rs. 116 crore approximately.

(b) : No, Sir.

(c) : SAT has stayed the operation of the above order.

(d) : The number of cases going on in SEBI, Courts and SAT as on June 30, 2007 regarding the irregularities in the share markets are 2709, 1104 and 146 respectively.

(e) : The details of orders passed by SEBI since June 2002 are available on its website at www.sebi.gov.in .