| Order in respect of Mr. Narayan Chandra Das in the matter of Zenith Highrise Infracon Limited |
To
All Trading Members of the Exchange
Sub: Final Order under Under Sections 11, 11(4), 11(A) and 11B of the Securities and Exchange Board of India Act, 1992 in the matter of Zenith Highrise Infracon Limited.
Attention of the trading members is invited to the Exchange Notice No. 20180727-16 dated July 27, 2018 wherein SEBI vide its order no. WTM/MPB/EFD-1-DRA-IV/ 24 /2018 dated July 27, 2018 had inter-alia issued the various directions.
SEBI now vide its Order no. WTM/MPB/EFD-1-DRA-IV/52/2019 dated June 27, 2019 has inter-alia Restrained and prohibited Mr. Narayan Chandra Das (PAN: BRNPD4333G) 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.
It is pertinent to mention that Zenith and its director Mr. Kalyan Banerjee and past director Mr. Kuntal Banerjee filed Appeal No. 459/2018 and Appeal No. 460/2018, respectively, before the Hon’ble SAT, hence, the effect and implementation of the aforesaid directions of this order shall be subject to the outcome of the said Appeals.
The above 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: June 28, 2019
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