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Notices
Notice No20180214-33Notice Date14 Feb 2018
CategoryComplianceSegmentGeneral
SubjectOrder in respect of Swaraj Automotives Limited
Content

 

To

 

All Trading Members of the Exchange

 

Sub:  Order   Under Sections 11(1), 11(2)(j); 11(4) and 11B of the Securities And Exchange Board Of India Act, 1992 read with Section 12A of the Securities Contracts (Regulation) Act, 1956, in the matter of Non–Compliance With The Requirement Of Minimum Public Shareholding By Listed Companies in respect of Swaraj Automotives Limited

 

Attention of the trading members is invited to the Notice No. 20170719-20 dated July 19, 2017 wherein SEBI, vide its Order no. SEBI/WTM/SR/CFD/37/07/2017 dated July 19, 2017 had inter-alia, prohibited the Promoter and the Directors of the Company i.e Swaraj Automotives Ltdfrom buying, selling or otherwise dealing in securities of Company, either directly or indirectly, in any manner whatsoever, except for the purpose of complying with minimum public shareholding requirement till such time the Company complies with the minimum public shareholding requirement.

 

SEBI, now vide its order no. WTM/GM/CFD/ 88 / 2017-18  dated February 14, 2018 has revoked the directions issued vide the interim order dated July 19, 2017  against the company, Swaraj Automtives Ltd, its directors, promoters and promoter group.

 

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.

 

 

 

 

Shaila Valsan                                                                  Avijit Sarkar                             

Manager                                                                         Assistant Manager 

Surveillance                                                                   Surveillance

 

Date:  February 14, 2018

 

 

Attachments
Swaraj Automotives Ltd.pdf