BSEIndia
    Print   Close  
NOTICES
Notice No.   20181207-34   Notice Date   07 Dec 2018
Category   Compliance   Segment   General
Subject   Order in the matter of GMS Infrastructure Limited. (GMS)
Attachments   Order in the matter of GMS infrastructure Ltd.pdf ;
Content

To

 

All Trading Members of the Exchange

 

Sub:  Order Under sections 11(1), 11(4), 11A and 11B of the Securities and Exchange Board of India Act,1992, in the matter of GMS Infrastructure Limited. (GMS)

 

Attention of the trading members is invited to the Exchange Notice No. 20180223-52 dated 23rd February 2018 SEBI, vide its Order no. WTM/GM/IMD/93/2017–18 dated February 23, 2018, had inter-alia directed GMS and its Directors/Promoters not to access the securities market or buy, sell or otherwise deal in the securities market, either directly or indirectly, or associate themselves with any listed company or company intending to raise money from the public.

 

SEBI, now vide its Order no. WTM/AB/EFD-1/DRA-1V/05/ 2018-19 dated December 07, 2018 has inter-alia issued the following directions:

 

·         Directed GMS, Ashim Mitra, Sanjoy Mitra (PAN - AHKPM6164A), Lopamudra Bandyapadhyay, Biswajit Das, Dinesh Chowhan, Chandan Biswas and Rajesh Singh, not to, directly or indirectly, access the securities market, by issuing prospectus, offer document or advertisement soliciting money from the public and are further 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 four years from the date of completion of refunds to investors as directed in the aforesaid order.

 

·         It is also mentioned in the aforesaid order that the said entities are prevented from selling their assets, properties and holding of mutual funds/shares/securities held by them in demat and physical form except for the sole purpose of making the refunds as directed in the order.

 

·         Directed Soumen Paul, Aparna Roy Chowdhury, Mina Mukherjee, Gita Karmakar (PAN -  BCLPK7391E) and GMS Multi Marketing Services Pvt. Limited, presently known as ADB Food Products Pvt. Limited not to, directly or indirectly, access the securities market, by issuing prospectus, offer document or advertisement soliciting money from the public and are further restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner, for a period of four years.

 

·         Further, it may be noted that vide the interim order dated February 23, 2018, the aforesaid noticees were directed not to access the securities market or buy, sell or otherwise deal in the securities market, either directly or indirectly, or associate themselves with any listed company or company intending to raise money from the public. In this connection, the aforesaid five noticees have already undergone prohibition for more than 9 months. Hence, the prohibition already undergone by the said five noticees pursuant to the interim order shall be adjusted while computing the period in respect of prohibition imposed vide this order.

 

·         The directions against Tumpa Mitra Dutta and Shib Shankar Ghosh in the interim order are hereby revoked.

 

 

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                                                                             Manager

Surveillance                                                                            Surveillance

 

Date:  December 07, 2018