|Order in the matter of CG POWER AND INDUSTRIAL SOLUTIONS LIMITED.
All Trading Members of the Exchange
Sub: Interim Order under Section 19 read with Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 in the matter of CG POWER AND INDUSTRIAL SOLUTIONS LIMITED.
SEBI, vide its Order no. WTM/GM/CFD/35/2019–20 dated September 17, 2019 has inter-alia issued the following directions: -
- Restrained Gautam Thapar (PAN - ABNPT6298B), V. R. Venkatesh (PAN - AAKPV9947M), Madhav Acharya (PAN - ABOPA4250D) and B. Hariharan (PAN - ADXPB2158A) from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, either directly or indirectly, till further orders.
- It has been stated in the said order that the concerned stock exchanges are permitted to allow the aforementioned persons/entities at paragraph 6.1(i) to square off their existing open positions in the Futures and Options segment, if any, immediately. The aforementioned persons/entities shall not be allowed to take fresh positions or increase their open positions or execute trades. Further, the concerned stock exchanges shall ensure that no fresh positions are created for the aforementioned persons/entities.
This Order is effective from the date of the order and shall be in force till further directions.
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.
Jeevan Noronha Fahad Kapadia
Sr. Manager Assistant Manager
Date: September 17, 2019