To
All Trading Members of the Exchange
Sub: Final Order under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act’ 1992 in respect Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 in the matter of Kausambi Vanijya Limited.
SEBI vide its Order no. WTM/MPB/EFD1-DRA4/32/2019 dated March 26, 2019 has inter-alia issued the following directions:
Ø Restrained the following entities from accessing the securities market for a period of two years from the date of this order and further prohibit them from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of two years, from the date of this order. Needless to say in view of prohibition on sale of securities, it is clarified that during the period of restraint, the existing securities holding, including units of mutual funds, of the aforesaid entities shall remain frozen.
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S.NO
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NAME OF NOTICEES
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PANs
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1
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Varsha Dipakbhai Dobariya
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AWMPD1706E
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2
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Nihal Siddharth Bhekare
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BDXPB3142H
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3
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Narshibhai Lakhabhai Dobariya
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AMEPD9444P
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4
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Arvind Babulalji Goyal
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ACIPG0193J
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5
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Amitkumar Rameshbhai Sanghani
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FNZPS4680B
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6
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Arrow Asia Stock Broking Limited
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AAFCA7088J
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7
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Vimal Narshibhai Dobariya
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AMEPD0174G
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Ø Further as stated in the aforesaid order, this order against Shri Amitkumar Ramenshbhai Singhania will take effect as final order on the expiry of 30 days from the date of service of this order, unless Shri Amitkumar Ramenshbhai Singhania, within such period of 30 days from the date of service of this order files his objections. Till that time the directions against him will operate as interim directions. If no objections are filed, the findings in this order qua him will come into effect. If objections are filed, then the directions passed herein against him shall be made applicable subject to the determination on the objections. Till the determination of the objections, the directions against the Shri Amitkumar Ramenshbhai Singhania will operate as interim directions.
Ø Disposed of the show cause notice dated October 31, 2017 served on Ms.Bhagwati Dalmia (PAN: ACMPD2599M) without any directions.
The above directions 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.
Shaila Valsan Avijit Sarkar
Manager Assistant Manager
Surveillance Surveillance
Date: March 26, 2019
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