MUMBAI: The Securities and Exchange Board of India has barred Zenith Infotech and its promoters Rajkumar Saraf and Akash Rajkumar Saraf from accessing the securities market for a period of two years for alleged omission to make disclosures and perpetration of fraud in the securities market.

The regulator alleged that the company along with its directors and promoters perpetrated fraud on the investors and securities market.

Sebi has directed that Rajkumar Saraf and Akash Rajkumar Saraf should not associate themselves with any listed company or company intending to raise money from the public or any registered intermediary in the capacity of a director,key management personnel or partner for a period of two years from the date of the order.