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 the matter of Reliable Multi Managerial Services Ltd.
Attention of the trading members is invited to the Exchange Notice No. 20180223-49 dated February 23, 2018 where in SEBI vide its Order no. WTM/GM/IMD/95/2017–18 dated February 23, 2018 had inter-alia directed Reliable Multi Managerial Services Ltd. and its promoters/directors and debenture trustee shall not access the securities market or buy, sell or otherwise deal in the securities market, either directly or indirectly, or associate themselves with any listed company or company intending to raise money from the public.
SEBI now vide its Order no. WTM/AB/EFD-1/DRA-4/ 17/ 2018-19 dated January 24, 2019 has inter-alia issued the following directions:
Ø Directed the following entities 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 four years from the date of completion of refunds to all the investors. These following entities shall file a report of completion of such refund with SEBI, within a period of three months from the date of this order, certified by two independent peer reviewed Chartered Accountants who are in the panel of any public authority or public institution.
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S.NO
|
NAME OF NOTICEES
|
PANs
|
|
1
|
Reliable Multi Managerial Services Limited
|
AAECR5851P
|
|
2
|
Shri Pintu Dutta
|
AIMPD4441Q
|
|
3
|
Shri Raju Acharjya
|
AJKPA9285C
|
|
4
|
Shri Sanjay Karmakar
|
AMUPK1443K
|
|
5
|
Shri Omprakash Gupta
|
AWBPG1988J
|
|
6
|
Shri Kanhaiya Singh Kushwaha
|
AQVPK5541K
|
|
7
|
Shri Arjun Majumdar
|
ALIPM6848H
|
Ø Directed the following entities 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, for a period of four years. During the period of restraint, the existing holding, including units of mutual funds, of the following noticees shall remain frozen.
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S.NO
|
NAME OF NOTICEES
|
PANs
|
|
1
|
Shri Asim Bosu
|
AIPPB3421P
|
|
2
|
Shri Ganesh Chandra Saha
|
BHBPS2976Q
|
|
3
|
Shri Pijus Kumar Patra
|
AKEPP1290R
|
|
4
|
Shri Pijush Kanti Dey
|
AIDPD8349L
|
|
5
|
Shri Sujit Kumar Das
|
AJMPD0349L
|
Ø Further, as mentioned in the aforesaid Order, that vide the Interim Order dated February 23, 2018, the aforesaid Noticees were directed not to access the securities market or buy, sell or otherwise deal in the securities market, either directly or indirectly in whatsoever manner. In this connection, it may be noted that the aforesaid five Noticees have already undergone prohibition for approximately a year. Hence, the prohibition already undergone by the said five Noticees pursuant to the Interim Order shall be adjusted while computing the period in respect of prohibition imposed vide this Order.
Ø Restrained the Debenture Trustee - Ramavatar & Associates (PAN : AEVPJ6885R), from accessing the securities market and buying, selling or otherwise dealing in securities in any manner whatsoever, directly or indirectly, till the period of four years from the date of Interim Order dated February 23, 2018. During the period of restraint, the existing holding, including units of mutual funds, of this Noticee shall remain frozen.
Ø Restrained Ramavatar & Associates from acting as a Debenture Trustee in respect of debentures of RMMSL and from taking up any new assignment or involve itself in any new issue of securities in a similar capacity whatsoever, directly or indirectly, without obtaining registration from SEBI as a Debenture Trustee under the DT Regulations.
This Order shall come into force with immediate effect.
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.
Ena Janvalekar Shaila Valsan
Sr. Manager Manager
Surveillance Surveillance
Date: January 24, 2019 |