To
All Trading Members of the Exchange
Sub: Order Under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 in the matter of Commex Technology Ltd.
SEBI, vide its Order no. WTM/SKM/EFD1-DRAI/ 11 /2018-19 dated February 28, 2019 has inter-alia issued following directions:
· Restrained following Noticees from accessing the securities market and further prohibit them from buying, selling or otherwise dealing in securities, directly or indirectly, for the period mentioned below, from the date of this order. During the period of restraint, the existing holding of the Noticees including units of mutual funds, shall remain frozen.
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Sr. no.
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Names of the Noticee
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PAN
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Number of years
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1
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M/s. Commex Technology Ltd.
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AABCG0986D
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Five years
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2
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Mr. Adi Cooper
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AAFPC0271N
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Two years
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3
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Mr. Kishore Hegde
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AAFPH2481K
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Two years
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· Further as stated in the aforesaid order, the Company in its reply and the Noticees during the hearing on November 13, 2018 submitted that Mr. Hemant Sonawala has expired, hence, no direction is passed against Mr. Hemant Sonawala.
This Order shall come into force with immediate effect.
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.
Shaila Valsan Fahad Kapadia
Manager Assistant Manager
Surveillance Surveillance
Date: February 28, 2019
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