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 Nixcil Pharmaceuticals Specialities Limtied (NPSL) (Now Known as "M/s Heivero Pharmaceuticals Limited")
Attention of the trading members is invited to the Exchange Notice No. 20150424-23 dated April 24, 2015 wherein SEBI vide its interim order no. WTM/SR/NRO/LKO/84 /04/2015 dated April 24, 2015 had, inter-alia, restrained the NPSL and various entities from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions.
SEBI, now vide its Order no. WTM/MPB/EFD-1-DRA-IV/ 50/2019 dated May 29, 2019 has inter-alia issued the following directions: -
Directed NPSL, Shri Prithi Paul Singh Sethi, Shri Vishwa Bandhu Vashishta and Shri Kishan Pal Singh 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.
Directed Shri Arun Kumar Madan, Shri Manzoor Alam (PAN AHEPA2257Q), Shri Amit Mishra, Shri Sanjay Kumar Upadhyay, Shri Chhotelal Shukla, Shri Shiva Nand Mishra, Shri Mukesh Kumar Khare, Shri Rajesh Kumar Sharma, Shri Ramendra Prased Sharma and Shri Pashupati Nath Dixit 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 4 (four) years from the date of this Order.
Directed Shri Gurbhej Singh Hora (PAN ATUPS5689Q), Shri Bankey Bihari Mishra (PAN AHTPM6041P), Shri Dilip Kumar Mishra (ALCPM2699C), Shri Deena Nath Maurya, Shri Deepak Awasthi, Shri Manoj Kumar Joshi and Shri Arvind Tiwari 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 4 (four) years which shall come into effect on the expiry of three hundred and sixty fifth (365) day of this order.
Further as mentioned in the aforesaid Order, if the order of the Competent Authority in respect of forgery, is not produced by Shri Gurbhej Singh Hora, Shri Bankey Bihari Mishra, Shri Dilip Kumar Mishra, Shri Deena Nath Maurya, Shri Deepak Awasthi, Shri Manoj Kumar Joshi and Shri Arvind Tiwari, within such 365 days, or, if produced within such period, the same is not in favour of the said entities then the direction as per paragraph 75.12 of the aforesaid Order shall take effect on the receipt of such order by SEBI or on the expiry of 365 days, whichever is earlier. Till that time the directions passed against these entities vide the interim order dated April 24, 2015 shall be in force. The direction at paragraph 75.12 of the aforesaid Order shall not take effect, if the order of the Competent Authority is produced within such period and the same is in favour of the said entities. Till that time the directions passed against these entities vide the interim order dated April 24, 2015 shall be in force.
It is also mentioned in the said Order, if the order of the Competent Authority is not produced by Shri Vishwa Bandhu Vashishta and Shri Kishan Pal Singh, within such 365 days, or, if produced within such period, the same is not in favour of the said entities, then the direction as per paragraphs 75.1 to 75.3 and 75.6 to 75.10 of the aforesaid Order shall take effect on the receipt of such order by SEBI or on the expiry of 365 days, whichever is earlier. Till that time the directions passed against these entities vide the interim order dated April 24, 2015 shall be in force. If the order of the Competent Authority is produced within such period and the same is in favour of the said entities then, the direction in respect of the said entities at paragraphs 75.1 to 75.3 and 75.6 to 75.10 of aforesaid Order shall not take effect. Till that time the directions passed against these entities vide the interim order dated April 24, 2015 shall be in force.
This Order is effective from May 29, 2019.
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 Roshani More
Manager Assistant Manager
Surveillance Surveillance
Date: May 30, 2019
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