| Order in the matter of Sahara India Commercial Corporation Limited (SICCL) |
To
All Trading Members of the Exchange
Sub: Final Order under Sections 11, 11(4),11A and 11B of the Securities and Exchange Board of India Act, 1992 In the matter of Sahara India Commercial Corporation Limited (SICCL)
SEBI vide its Order no. WTM/MPB/EFD-1-DRA-III/56/2018 dated October 31,2018 has inter-alia issued the following directions:
Ø Directed SICCL (PAN: AADCS6118F), Shri Subrata Roy Sahara (PAN: ARKPS3189F), Shri O.P.Shrivastava (PAN: AKHPS7919K), Shri J.B.Roy (PAN: ACQPR6786C), Lt.Gen.(Retd.) A.S. Rao (PAN: AAWPR5550N) and Shri Ranoj Das Gupta (PAN: AAPPD4448N) not to, directly or indirectly, access the securities market, by issuing prospectus, offer document or advertisement soliciting money from the public and are further restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner, from the date of this Order, till the expiry of 4 (four) years from the date of completion of refunds to investors as directed in the Order.
Ø Directed C. B. Thapa (PAN: ABNPT2137K), Shri I. Ahmad (PAN: ACPPA7639A), Shri O.P.Dixit (PAN: ADDPD1207A), Shri. Asad Ahmad (PAN: AALPA0819Q) and Shri. A.N. Mukherjee (PAN: AATPM0220H) not to, directly or indirectly, access the securities market, by issuing prospectus, offer document or advertisement soliciting money from the public and are further restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner, from the date of this Order, till the expiry of 4 (four) years from the date of completion of compensation to investors as directed in the Order.
Ø Directed M/s Sahara India (PAN: AAMFS0216L) not to, directly or indirectly, access the securities market, by issuing prospectus, offer document or advertisement soliciting money from the public and is further restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner for a period of 4years from the date of this Order.
This Order is effective from October 31, 2018.
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.
Shaila Valsan Avijit Sarkar
Manager Asstant Manager
Surveillance Surveillance
Date: November 01, 2018
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