Notice No20210205-47Notice Date05 Feb 2021
CategoryComplianceSegmentGeneral
SubjectOrder in the matter of M/s Stock Indication
Content

To

 

All Trading Members of the Exchange

 

Sub:    Order Under Sections 11(1), 11(4), 11B of the Securities and Exchange Board of India Act, 1992 in the matter of M/s Stock Indications.

 

In continuation to the Exchange Notice No. 20181129-33 dated November 29, 2018 and 20190807-31 dated August 07, 2019 on the captioned matter.

 

SEBI vide its order no. WTM/GM/SRO/SRO/10346/2020-21 dated February 05, 2021 has inter-alia debarred Noticee No. 2 and Noticee No. 3 from accessing the Securities Market, directly or indirectly, and are prohibited from buying, selling or otherwise dealing in the Securities Market, directly or indirectly in any manner whatsoever, from the date of this order till the expiry of 3 years from the date of completion of refund to all investors. It is clarified that during the period of restraint, the existing holding of securities of the Noticees including units of mutual funds, shall remain frozen and can be utilized only for the repayment/ refund of fee to the client as directed above.

 

 

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                                                                                          Fahad Kapadia           

Senior Manager                                                                                           Assistant Manager 

Surveillance                                                                                                  Surveillance

 

Date: February 05, 2021

 

Attachments
1612536856241 (1).pdf