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 Togo Retail Marketing Limited (TRML) (Earlier Known as “M/s Multi–Ex Marketing & Communications Limited”)
Attention of the trading members is invited to the Exchange Notice No. 20150722-19 dated July 22, 2015 wherein SEBI vide its interim order no. WTM/SR/SEBI-NRO:LLO/IMD/149/07/2015 dated July 22, 2015 had, inter-alia, restrained the TRML and 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, now vide its Order no. WTM/MPB/EFD-1-DRA-IV/ 53 /2019 dated June 27, 2019 has inter-alia issued the following directions:-
· Directed TRML, 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 in the Order.
· Restrained Shri Rajit Ram Maurya (PAN AHUPM0896M) , Shri Girraj Vashistha (PAN ADHPV6732E), Shri Prithi Paul Singh Sethi, Shri Narayan Jay Tripathi, Shri Shree Kishan Chaudhary (PAN AAYPC2158F), Shri Shailendra Kumar Prajapati (AGXPP6559J) and Shri Amit Mishra are 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 in the Order.
· Restrained Shri Shaukeen Pathak, Shri Sanjeev Kumar Jha, Shri Ramendra Prasad Sharma, Shri Rajesh Kumar Sharma and Shri Mukesh Kumar Khare are restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner for a period of 4 (four) years from the date of this Order.
· Restrained Shri Prahlad Singh (AWWPS4378K), Shri Munshi Lal Tiwari (AEAPT9771K) , Shri Manoj Kumar Joshi, Shri Dilip Kumar Mishra, Shri Kishan Pal Singh, Shri Deena Nath Maurya, Shri Gurbhej Singh Hora (PAN ATUPS5689Q), Shri Vishwa Bandhu Vashishta, Shri Chhotelal Shukla and Shri Shiva Nand Mishra are restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner for a period of 4 (four) years which shall come into effect on the expiry of three hundred and sixty fifth (365) day of this order.
· Further as mentioned in the aforesaid Order, If the order of the Competent Authority in respect of forgery, is not produced by Shri Prahlad Singh, Shri Munshi Lal Tiwari, Shri Manoj Kumar Joshi, Shri Dilip Kumar Mishra, Shri Kishan Pal Singh, Shri Deena Nath Maurya, Shri Gurbhej Singh Hora, Shri Vishwa Bandhu Vashishta, Shri Chhotelal Shukla and Shri Shiva Nand Mishra, within such 365 days, or, if produced within such period, the same is not in favour of the said entiites, then the direction as per paragraph 71.13 shall take effect on the receipt of such order by SEBI or on the expiry of 365 days, whichever is earlier. Till that time the directions passed against these entities vide the interim order dated July 22, 2015 shall be in force. The direction at paragraph 71.13 shall not take effect, if the order of the Competent Authority is produced within such period and the same is in favour of said entities till that time the directions passed against these entities vide the interim order dated July 22, 2015 shall be in force.
· The directions issued vide interim order dated July 22, 2015 against Shri Jasjeet Singh Sethi, Shri Rajesh Chakravarty and Shri Satish Kumar (PAN DNFPK8894D) are hereby revoked with immediate effect and the interim order – cum - show cause notice dated July 22, 2015 issued against them is disposed of without any directions.
· Needless to say, in view of prohibition on sale of securities, it is clarified that during the period of restraint, the existing holding, including units of mutual funds, of the Noticees shall remain frozen.
This Order is effective from date of the order.
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 Roshani More
Manager Assistant Manager
Surveillance Surveillance
Date: June 28, 2019
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