Notice No20210301-32Notice Date01 Mar 2021
CategoryComplianceSegmentGeneral
SubjectOrder in the matter of M/s Big Em Estates & Infrastructure Limited
Content

To

 

All Trading Members of the Exchange

 

Sub:  INTERIM EX PARTE Under Sections 11(1), 11(4), 11B(1) and 11(D) of the Securities and Exchange Board of India Act, 1992, read with regulation 65 of Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 In Re: Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999, in the matter of M/s Big Em Estates & Infrastructure Limited.

 

SEBI vide its order no. WTM/MB/NRO/10695/2020-21 dated February 26, 2021 has inter-alia issued following directions:

 

  • Not to access the securities market and buy, sell or otherwise deal in securities in any manner whatsoever, directly or indirectly, until further orders.

 

  • If Big Em Estates and Infrastructures Ltd. or its Promoters or Directors have any open positions 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. Big Em Estates and Infrastructures Ltd. and its Promoters and Directors 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          

Senior Manager                                                                                           Assistant Manager 

Surveillance                                                                                                  Surveillance

 

Date: March 01, 2021

 

 

 

 

 

Attachments
Interim Order in the matter of Big Em Estates & Infrastructure.pdf