Miscellaneous Order in the matter of Pine Animation Limited

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Last updated: 30 September 2020
Quick Summary
This SEBI order addresses an application by Mrs. Kiran Toshniwal concerning a joint Demat account held with her husband, Mr. Narayan B. Toshniwal. Mr. Toshniwal was previously debarred from the securities market. Mrs. Toshniwal requested the defreezing of their joint Demat account, asserting that the funds and securities within it were solely hers and properly declared in her income tax returns. After reviewing evidence, SEBI found merit in her claim, noting distinct ownership of assets between her and her husband. Consequently, SEBI has permitted Mrs. Toshniwal to transfer the securities from the joint account to an individual account within three months.

Court :
SEBI

Brief :
Under Sections 11, 11 (4) and 11B (1) of the Securities and Exchange Board of India Act, 1992

Citation :
WTM/SM/IVD/ID6/9171/2020-21

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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