The noticees (Anil Kumar Trivedi, Rasheed Quamar, Mazharul Quadri, Parthsarthi Adhikari, Shyam Sunder Seth, Paras Nath Sharma and Balchand Chaurasiya) were associated with the company at the time of issuance of RPS and that they were associated with the company in the capacity of a director, SEBI said.