Order in the matter of ESBI Infrastructure Company Limited.

• Notice No: 20190515-2
• Notice Date: 15 May 2019
• Category: Compliance
• Segment: General

To

All Trading Members of the Exchange

Sub:     Final Order Under Sections 11, 11(4), 11A and 11B of the Securities and Exchange Board of India Act, 1992 in the matter of ESBI Infrastructure Company Limited.

Attention of the trading members is invited to the Exchange Notice No. 20170512-31 dated May 12, 2017 wherein SEBI vide its order dated May 12, 2017 had, inter-alia restrained ESBI Infrastructure Company Ltd. and its directors/promoters from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, either directly or indirectly, till further directions.

SEBI, now vide its Order no. WTM/MPB/EFD-1-DRA-IV/46/2019 dated May 14, 2019 has issued the following directions:-

• Directed ESBI Infrastructure Company Ltd., Mr. Biswajit Paul, Mr. Subrata Kumar Paul and Mr. Sarbaniprasad Bishwas 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 4 (four) years from the date of completion of refunds to investors as directed above.

• Restrained Mr. Amitava Basu, Mr. Biswanath Roy, Mr. Jayanta Basu, Mr. Tapas Basu, Mr. Jeniya Basu and Mr. Saikat Sen from accessing the securities market and are further restrained from buying, selling or dealing in securities, in any manner whatsoever, for a period of 4 (four) years from the date of this order.

• Further as directed in the aforesaid order, in view of prohibition on sale of securities, it is clarified that during the respective period of restraint, the existing holding, including units of mutual funds, of the Noticees shall remain frozen.

This Order shall come into force w.e.f. 14.05.2019.

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.

Ena Janvalekar                                                                                        Fahad Kapadia

Sr. Manager                                                                                             Assistant Manager

Surveillance                                                                                            Surveillance

Date:  May 15, 2019