Notices
Notice No20210113-25Notice Date13 Jan 2021
CategoryComplianceSegmentGeneral
SubjectORDER IN THE MATTER OF MORAL GROUP OF COMPANIES
Content

To

 

All Trading Members of the Exchange

 

Sub:     MISCELLANEOUS ORDER UNDER SECTIONS 11(1), 11(4) and 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 IN THE MATTER OF MORAL GROUP OF COMPANIES

 

In continuation to the Exchange Notice No. 20171031-27 dated October 31, 2017 and 20200320-53 dated March 20, 2020 on the captioned matter.

 

SEBI vide its order no. WTM/GM/EFD-1/DRA-IV/60/2020-21 dated January 13, 2021 has inter-alia The period of restraint / prohibition as directed under para 35 of the SEBI Order dated October 31, 2017 shall be counted from the date of the said Order, i.e. October 31, 2017. Accordingly, the Noticee nos. 1 to 7 (v.z. Moral Devcon Limited, Moral Health & Personal Care Limited, Moral Commotrade Limited, Moral Infrastructure Corporation Limited, Shri Arun Kumar, Shri Ajay Kumar Sharma and Shri Gyaneshwar Sharma) shall remain restrained / prohibited from buying, selling or otherwise dealing in securities, from accessing the securities market and from associating themselves with any listed company or any public company which intends to raise money from public, for a period of four years from October 31, 2017.

 

This Order is effective from the date of the order.

 

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.

 

 

 

 

 

Rajesh Dubey                                                                                          Avijit Sarkar           

Associate Manager                                                                                Deputy Manager 

Surveillance                                                                                             Surveillance

 

Date: January 13, 2021

 

Attachments
Order in the matter of Moral Group of Companies 13012021.pdf