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 65 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 in respect of Adel Landmarks Limited (earlier known as Era Landmarks Limited) and its directors
SEBI vide its Order No. WTM/PS/61/IMD-CIS/NRO/OCT/2015 dated October 7, 2015 has issued the following directions:
- Restrained the following entities from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market for a period of 4 years :
|
Sl No.
|
Name of Entity
|
CIN / DIN No.
|
PAN No.
|
|
1
|
Adel Landmarks Limited
|
U45203DL2005PLC134375
|
AABCE4642C
|
|
2
|
Rakesh Kumar Gupta
|
06820178
|
AAAPG4298A
|
|
3
|
Sumit Bharana
|
01401758
|
AGYPB3210A
|
|
4
|
Arvind Kumar Birla
|
00037602
|
ACTPB5365J
|
|
5
|
Rashmi Bharana
|
Not Provided
|
AHCPB9343C
|
|
6
|
Sanjay Chawla
|
Not Provided
|
AAGPC0832Q
|
|
7
|
Manisha Bharana
|
03342342
|
BCGPB5514B
|
- In the event of failure to comply with the said directions as mentioned in the aforesaid Order by Adel Landmarks Limited and its directors namely Mr. Rakesh Kumar Gupta, Mr. Sumit Bharana and Mr. Arvind Kumar Birla and former directors Ms. Rashmi Bharana, Mr. Sanjay Chawla and Ms. Manisha Bharana, then the aforesaid entities shall remain restrained from accessing the securities market and would further be prohibited from buying, selling or otherwise dealing in securities, even after the period of 4 years, till all the Collective Investment Schemes of Adel Landmarks Limited are wound up and all the monies mobilized through such schemes are refunded to its investors with returns which are due to them.
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 Lipika Mahunta
Sr. Manager Assistant Manager
Surveillance & Supervision Surveillance & Supervision
Date : October 7, 2015
|