| Order in the matter of Dreamway Industries Ltd. |
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 Dreamway Industries Ltd.
Attention of the trading members is invited to the Exchange Notice No. 20170908-33 dated Sep 08, 2017 wherein SEBI vide its interim Order No. WTM/GM/IMD/49/2017-18 dated September 08, 2017 had inter-alia directed Dreamway Industries Limited (DIL) and its promoters/directors not to access the securities market or buy, sell or otherwise deal in the securities market, either directly or indirectly, or associate themselves with any listed Company or Company intending to raise money from the public.
SEBI, now vide its Order no. WTM/MPB/EFD-I-DRA-IV/39/2019 dated April 16, 2019 has inter-alia issued the following directions:
- Directed Shri Nirupam Santra, Shri Rupam Santra and Shri Malay Mallick 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 said order.
- Directed Shri Dipudas Ghosh 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 for a period of 4 (four) years from the date of this Order.
- The directions issued against Shri Soumen Manna vide interim order dated September 08, 2017 shall cease to have effect from the date of this order.
· 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.
Further as stated in the aforesaid order, this order will come into effect with respect to Shri Dipudas Ghosh on the expiry of three hundred and sixty fifth (365) day of this order, if the order of the Competent Authority is not produced by Shri Dipudas Ghosh within such 365 days, or, if produced within such period, the same is not in favour of Shri Dipudas Ghosh. This direction shall not take effect, if the order of the Competent Authority is produced within such period and the same is in favour of Shri Dipudas Ghosh. For the rest of the Noticees, the directions 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 Fahad Kapadia
Manager Assistant Manager
Surveillance Surveillance
Date: April 16, 2019
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