SEBI bans DSQ Software

Our Markets Bureau
11 September 2004

Four company directors were also prohibited from buying, selling or dealing in securities in any manner for five years and holding office in any company, SEBI chairman GN Bajpai said in his order signed which comes into force with immediate effect.

In a release, SEBI said that during investigations it was revealed that there were irregularities in the allotment of 17 million shares of DSQ Software in 2000-01 and out of these, 13 million shares were released into the market without listing.

The company and Dalmia, who is also one of the prime accused in the Calcutta Stock Exchange scam of March 2001, had filed wrong information with the stock exchanges and SEBI.