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 Infocare Infra Limited (IIL) in re Deemed Public Issue Norms in respect of Mr. Arup Kumar Roy
Attention of the trading members is invited to the Exchange Notice No.
20150319-48 dated March 19, 2015 wherein SEBI vide its ex-parte interim order dated March 19, 2015 had inter-alia restrained Arup Kumar Roy along with various entities from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions.
SEBI vide its Order no. WTM/PS/172/ERO/MAR/2016 dated March 01, 2016 (issued notice vide Exchange Notice No. 20160301-30 dated March 01, 2016) had inter-alia restrained Mr. Arup Kumar Roy along with various entities from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, with immediate effect. These entities were also restrained from associating themselves with any listed public company and any public company which intends to raise money from the public, with immediate effect. This restraint shall continue to be in force for a further period of four (4) years on completion of the repayments, as directed in the Order.
The Hon’ble Securities Appellate Tribunal (SAT), vide its Order dated December 19, 2017, had set aside the order dated March 01, 2016 qua the appellant i.e. Arup Kumar Roy.
SEBI now, vide its Order no. WTM/MPB/EFD-1-DRA-IV/ 35 /2019 dated March 28, 2019 has inter-alia directed Mr. Arup Kumar Roy (PAN: ANJPR9146G) not to, directly or indirectly, access the securities market, by issuing prospectus, offer document or advertisement soliciting money from the public and is 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.
The 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 Avijit Sarkar
Manager Assistant Manager
Date: March 28, 2019