Notice No20201027-37Notice Date27 Oct 2020
CategoryComplianceSegmentGeneral
SubjectOrder in the matter of ALPS Motor Finance Ltd
Content

To 

 

All Trading Members of the Exchange 

 

Sub:  Order under Sections 11, 11(4) and 11B (1) of the Securities and Exchange Board of India Act,1992 in the matter of ALPS Motor Finance Ltd

 

SEBI vide its order no. WTM/SM/IVD/ID2/9475/2020-21 dated October 27, 2020 has inter-alia restrained the Noticees from accessing the securities market and further prohibit them from buying selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, for a period as provided in the table below:

 

Names of the Noticee

Period

Vishnudham Marketing Private Limited

03 months

Dharam Paul Singla

12 months

Neeraj Kumar Singla

06 months

Nirmala Singla

06 months

Nutesh Kumar Singla

06 months

River High Right Share Brokers Private Limited

06 months

Trucklink Vinmay Trading Private Limited

06 months

Murlidhargiridhar Trading Private Limited

06 months

Dhyaneshwar Dealers Private Limited

06 months

Dreamlight Exim Private Limited

06 months

Helot Properties Private Limited

06 months

Muchmore Vincom Private Limited

06 months

Hanshika Dealers Private Limited

03 months

Rochak Vinimay Private Limited

03 months

 

During the period of restraint, the existing holding of securities including the holding of units of mutual funds of the Noticees shall remain frozen.

 

It is clarified that obligation of the aforesaid Noticees, in respect of settlement of securities, if any, purchased or sold in the cash segment of the recognized stock exchange(s), as existing on the date of this Order, can take place irrespective of the restraint/prohibition imposed by this Order, in respect of pending transactions, if any. Further, all open positions, if any, of the aforesaid Noticees in the F&O segment of the stock exchange, are permitted to be squared off, irrespective of the restraint/prohibition imposed by this Order.

 

This Order is effective from the date of the order.

 

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.

 

 

 

Rajesh Dubey                                                                                                           Avijit Sarkar                        

Associate Manager                                                                                                 Deputy Manager 

Surveillance                                                                                                               Surveillance

 

Date: October 27, 2020

 

Attachments
ALPS Motor Finance Ltd.pdf