To
All Trading Members of the Exchange
Sub: Order under Sections 11, 11(4) & 11B of the Securities and Exchange Board of India Act, 1992, read with Regulation 11 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 in the matter of certain entities using sham identities to transact in the securities market.
SEBI vide its Order no. WTM/GM/IVD/ID3/6191/2019-20 dated December 20, 2019 has inter-alia issued the following direction:
· Directed that following Noticee’s shall not buy, sell or deal in the securities market in any manner whatsoever, or access the securities market, directly or indirectly for a period of seven years from the date of this order.
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Sr. no.
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Names of the Noticee
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PAN
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1
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Babulal M. Dugar
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AEAPD5581P
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2
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Manoj Kumar Dugar
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AANPD6488Q
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3
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Vinod Kumar Dugar
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AANPD6487B
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· In case of non-compliance of the aforesaid direction of disgorgement as mentioned in the said order within the stipulated time, Mr. Babulal M. Dugar, Mr. Manoj Kumar Dugar and Mr. Vinod Kumar Dugar shall be restrained from accessing or buying, selling or otherwise dealing in the securities market in any manner whatsoever, for a further period of 5 years, over and above as mentioned in said SEBI order.
· Directed the Exchanges and Depositories shall ensure that the PANs belonging to fictitious entities, viz. AKSPB5105B (Sampatmal Bucha), AFFPJ9593K (Subhkaran Jain), BGUPS6004F (Karan Sethia) and BGYPS8681L (Sitaram Sharma) are not allowed to be used, in any manner, for transacting in the securities market.
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 Vivek Rai
Sr. Manager Assistant Manager
Surveillance Surveillance
Date: December 20, 2019
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