Order in the matter of M/s Tarini International Ltd. |
To
All Trading Members of the Exchange
Sub: Order under Sections 11 and 11Bof the Securities and Exchange Board of India Act, 1992 in the matter of M/s Tarini International Ltd.
SEBI, vide its Order no. WTM/SKM/EFD1-DRAIII/ 15/2019 dated March 29, 2019 has inter-alia issued the following directions:
- Directed the following entities not to, access the securities market, directly or indirectly 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 any manner whatsoever, from the date of this direction becoming effective, till the expiry of four years from the date of completion of recovery of the diverted funds with interest ( in terms of para 61 of this order) from the group entities into the account of Tarini International Limited.
No.
|
Names of the Noticee
|
PAN
|
1
|
M/s. Tarini International Ltd
|
AABCT7379R
|
2
|
Mr. Vakamulla Chandra Shekhar
(MD of Tarini International Ltd)
|
AOBPS6042M
|
3
|
Mrs. Vakamulla Anu Naidu, Whole Time Director of Tarini InternationalLtd
|
ADPPN6394L
|
- It is clarified that during the period of restraint, the existing holding, including units of mutual funds, of the above mentioned directors shall remain frozen.
· Restrained the aforesaid entities from associating themselves with any listed public company and/or any public company which intends to raise money from the public, or any intermediary registered with SEBI from the date of this direction becoming effective till the expiry of four years from the date of recovery of the IPO proceeds as directed in the SEBI order.
This Order is effective from March 29,2019.
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 Shaila Valsan
Sr. Manager Manager
Surveillance Surveillance
Date: April 01, 2019 |