To
All Trading Members of the Exchange
Sub: Final Order Under Sections 11, 11(4), 11A and 11B ( of the Securities and Exchange Board of India Act, 1992 In the matter of Falkon Industries India Limited, In re Deemed Public Issue Norms, in the matter of Falkon Industries India Limited.
In continuation to the Exchange Notice No. 20151027-22 dated October 27, 2015 and 20151123-21 dated November 23, 2015 on the captioned matter.
SEBI vide its order no. WTM/MPB/EFD-1-DRA-IV/ 10692 /2021 dated February 26, 2021 has inter-alia issued following directions:
- Shri Akmal Sekh is restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner, from the date of this Order, till the expiry of 4 (four) years from the date of completion of refunds to investors as directed above. Shri Akmal Sekh is also restrained from associating himself with any listed public company and any public company which intends to raise money from the public, or any intermediary registered with SEBI from the date of this Order till the expiry of 4 (four) years from the date of completion of refunds to investors.
- Needless to say, in view of prohibition on sale of securities, it is clarified that during the period of restraint, the existing holding, including units of mutual funds, of the Noticee shall remain frozen.
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Jeevan Noronha Roshani More
Senior Manager Assistant Manager
Surveillance Surveillance
Date: February 26, 2021
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