To
All Trading Members of the Exchange
Sub: Order Under Sections 11(4), 11b And 11d Of The Securities And Exchange Board Of India Act, 1992 Read With Regulation 11 Of The Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Market) Regulations, 2003 in the matter of Kareena Infotech and its Directors.
Attention of the trading members is invited to the Exchange Notice No. 20160112-32 dated 12th January 2016 wherein SEBI, vide its Order no. WTM/RKA/MIRSD/13/2016 dated January 12, 2016, had inter-alia restrained Kareena Infotech and its director Manohar Pillai from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner till further directions.
SEBI, now vide its Order no. WTM/GM/CFD/78/2018–19 dated December 20, 2018 has hereby directed as under:
· Kareena Infotech and its Director i.e. Manohar Pillai, are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, for a period of three years from the date of this Order.
· Kareena Infotech and its Director i.e. Manohar Pillai, shall cease and desist from undertaking any activity in the securities market, directly or indirectly, in any manner whatsoever for a period of three years from the date of this Order.
This Order shall come into force with immediate effect.
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.
Ena Janvalekar Shaila Valsan
Sr. Manager Manager
Surveillance Surveillance
Date: December 20, 2018
|