All Trading Members of the Exchange
Sub: INTERIM EX PARTE ORDER Under Sections 11(1), 11(4), 11B(1) and 11D of the Securities and Exchange
Board of India Act, 1992 and Regulation 35 of Securities and Exchange Board of India (Intermediaries)
Regulations, 2008, In the matter of M/s. The GRS Solution.
SEBI vide its order no. WTM/MPB/WRO/WRO/13357/2021-22 dated September 14, 2021 has inter-alia issued following directions:
- GRS and its Proprietor Mr. Nilesh Vispute are directed:- Not to access the securities market and buy, sell or otherwise deal in securities or associates themselves with securities market, directly or indirectly, in any manner whatsoever either directly or on behalf of any of its clients through their accounts;
- If GRS and its Proprietor Mr. Nilesh Vispute have any open position in any exchange traded derivative contracts, as on the date of the order, they can close out/ square off such open positions within 3 months from the date of order or at the expiry of such contracts, whichever is earlier. GRS and its Proprietor Mr. Nilesh Vispute are permitted to settle the pay-in and pay-out obligations in respect of transactions, if any, which have taken place before the close of trading on the date of this order
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Jeevan Noronha Roshani More
Asst.General Manager Deputy Manager
Regulatory Correspondence Surveillance
Date: September 15, 2021