To
All Trading Members of the Exchange
Sub: Order under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992, read with Regulation 107 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 in respect of
1) Madurai Rural Development Benefit Fund (India) Ltd.(CIN: U65999TN2011PLC081265)
2) Madurai Rural Development Transformation India Ltd.(PAN : AAGCM2105D)
3) Mr.Mohammed Yusuff Suresh Batcha(PAN : CKTPS5053C)
4) Mr.Gopalarathinam Ramarathinam(PAN : AYGPR7970J)
5) Mr.Srinivasan Srikumar (PAN : AVDPS7160D)
6) Mr.Vasudevan Balaji (PAN : BVTPB1036Q)
7) Mr.Kasiviswanathan Venkataraman (PAN : ADHPV5773D)
8) Mr.Nagasubramanian Rajalakshmi (PAN : BJGPR0833N)
9) Mr.Sudhakaran Lataji (PAN : DCVPS7375N)
10) Ms.Mumtaj Begam Baba (PAN : AZJPM0974F)
11) Mr.Sithikbasha Mohamed Yusuf (PAN : CIFPS4558G) and
12) Ms.Lilun Nihar Yousuff (PAN : AEWPL8073L)
Attention of the trading members is invited to the Exchange Notice No.20141027-22 dated October 27, 2014, wherein SEBI vide its ad interim ex-parte order no.WTM/PS/41/SRO/OCT/2014 dated October 27, 2014 has inter-alia restrained Madurai Rural Development Benefit Fund (India) Ltd and Madurai Rural Development Transformation India Ltd and their respective directors and promoters including Mr. Mohammed Yusuff Suresh Batcha (DIN : 02443876), Mr. Gopalarathinam Ramarathinam(DIN : 06555632), Mr. Srinivasan Srikumar (DIN : 06555637), Mr. Vasudevan Balaji (DIN : 06860167), Mr. Kasiviswanathan Venkataraman (DIN : 06860187), Mr. Nagasubramanian Rajalakshmi (DIN : 06861472), Mr. Sudhakaran Lataji (DIN : 06861823), Ms. Mumtaj Begam Baba (DIN : 02703379), Mr. Sithikbasha Mohamed Yusuf (DIN : 02703420) and Ms. Lilun Nihar Yousuff (DIN : 02712182) from accessing the securities market and further prohibited them from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions.
SEBI vide its order no. WTM/RKA/SRO/72/2015 dated July 17, 2015 has, inter-alia, restrained the aforementioned entities from, directly or indirectly, accessing the capital market by issuing prospectus, any offer document or advertisement soliciting money from the public and are further prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly, in whatsoever manner, for a period of three years or till the date of refund of money to the allottees whichever is later.
This Order shall come into force with immediate effect.
A copy of the said order is attached herewith and also available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance
Ena Janvalekar Shaila Valsan
Sr. Manager Associate Manager
Surveillance & Supervision Surveillance & Supervision
Date: July 20, 2015 |