To
All Trading Members of the Exchange
Sub: Final order under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 in respect of Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 in the matter of Aplaya Creations Ltd.
SEBI vide its Order no. WTM/MPB/EFD1-DRA4/33/2019 dated March 27, 2019 has inter-alia restrained the following entities from accessing the securities market for a period of eight years from the date of this order and further prohibit the noticees from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of eight years, from the date of this order. Needless to say, in view of prohibition on sale of securities, it is clarified that during the period of restraint, the existing securities holding, including units of mutual funds, of the noticees shall remain frozen.
|
Sr.No.
|
Name of the Entity
|
PAN
|
|
1
|
Aplaya Creations Limited
|
AAACG1479J
|
|
2
|
Shri Ramawtar Gupta
|
AGEPG2765Q
|
|
3
|
Shri Promod Kumar Gupta
|
ABRPG4589Q
|
|
4
|
Maheswari Financial Services Private Limited
|
AAACM9185B
|
|
5
|
Vemuri Finvest Private Limited
|
AAACV3615M
|
Further, Shri Ramawtar Gupta (PAN: AGEPG2765Q) and Shri Promod Kumar Gupta (PAN: ABRPG4589Q) are also prohibited from being associated with any listed company or a SEBI registered intermediary, in any capacity including as a Director and key managerial person, directly or indirectly, for a period of eight years.
This 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 Fahad Kapadia
Manager Assistant Manager
Surveillance Surveillance
Date: March 27, 2019 |