To
All Trading Members of the Exchange
Sub: SAT Order in respect of OPG Securities Pvt. Ltd. & Ors..
Attention of the trading members is invited to the Exchange Notice No. 20190430-35 dated April 30, 2019, where in SEBI vide its Order no. WTM/GM/EFD/02/2019–20 dated April 30, 2019 had inter-alia prohibited OPG Securities & Ors from accessing the securities market and from buying, selling or otherwise dealing in securities, either directly or indirectly, for a period of five years from the date of this Order.
Further, OPG Securities Pvt. Ltd., in its capacity as a Stock Broker was also directed to not take any new client for a period of one year.
The Hon’ble Securities Appellate Tribunal (SAT), vide its Order dated May 06, 2019, had stated that the operation of the impugned order in so far as it relates to the appellants shall remain stayed provided the appellants deposit the sum as mentioned in the said Order on or before May 20, 2019. If the amount is not deposited within the stipulated period, the interim order will stand vacated automatically.
The Hon’ble Securities Appellate Tribunal (SAT) now, vide its Order dated May 21, 2019, modified the aforesaid SAT order to the extent that it would be open to the appellants to deposit the sum as mentioned in the said Order on or before May 30, 2019, failing which the interim order shall stand vacated automatically.
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 Avijit Sarkar
Manager Assistant Manager
Surveillance Surveillance
Date: May 22, 2019
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