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 Moongipa Investments Limited
Attention of the trading members is invited to the Exchange Notice No. 20150910-27 dated September 10, 2015 where in SEBI vide its Order no. WTM/RKA/NRO/133/2015 dated September 10, 2015 had inter-alia restrained Moongipa Investments Limited (PAN: AAACM5584A) and its directors namely, Mr. Madhur Agarwal (PAN: AAFPA1251Q), Mr. Sudhir Agarwal (PAN: AAFPA1250R) and Mr. Subhash Chander Singal (PAN: AALPS3587R) and its former director Mr. Shiv Kumar Agarwal (PAN: AAFPA1252P) from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, either directly or indirectly, or being associated with the securities market in any manner whatsoever, with immediate effect, till further directions.
SEBI now vide its Order no. WTM/ AB /EFD-1/DRA-2/ 19 /2018-19 dated February 8, 2019 has inter-alia issued the following directions:
Ø Restrained the following entities from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities (including units of mutual funds), directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of five (5) years, from the date of this order. During the period of restraint, the following noticees’ existing holding, including units of mutual funds, of the said Noticees shall remain frozen.
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S.NO
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NAME OF NOTICEES
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PANs
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1
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Moongipa Investments Limited
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AAACM5584A
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2
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Mr. Madhur Agarwal
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AAFPA1251Q
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3
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Mr. Sudhir Agarwal
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AAFPA1250R
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4
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Mr. Shiv Kumar Agarwal
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AAFPA1252P
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It may be noted that the aforesaid four noticees have already undergone prohibition for more than three years. Hence, the prohibition already undergone by the said four noticees pursuant to the interim order shall be adjusted while computing the period in respect of prohibition imposed vide this order.
Ø Further as stated in the aforesaid order, the proceedings against Mr. Subhash Chander Singal (PAN: AALPS3587R) are disposed of in terms of the directions contained in therein.
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: February 8, 2019 |