Notice No20210512-28Notice Date12 May 2021
CategoryComplianceSegmentGeneral
SubjectOrder in the matter of insider trading in the scrip of Suprajit Engineering Ltd
Content

To

 

All Trading Members of the Exchange

 

Sub: Order in the matter of insider trading in the scrip of Suprajit Engineering Ltd.

 

In continuation to the Exchange Notice Nos.    20210427-32 dated April 27, 2021 on the captioned matter and Hon’ble Securities Appellate Tribunal (SAT) vide its order dated May 05, 2021 stated the Appellants to deposit the monetary penalty imposed on Appellants vide SEBI's Order dated April 27, 2021 along-with alleged disgorgement amount (plus interest) with SEBI within a period of 2 weeks of the SAT Order. On deposit of the same, the suspension / restraint imposed on the Appellants vide paragraph 52 (i) and 52 (ii) of the SEBI Order dated April 27, 2021 shall be kept in abeyance till the pendency of the Appeal.

 

SEBI vide its mail dated May 12, 2021 stated the noticees have deposited the amounts as mentioned in the aforesaid order of the Hon'ble SAT and accordingly, unfreeze the accounts of all these six entities till further directions. 

 

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                                                                                          Avijit Sarkar          

Senior Manager                                                                                           Deputy Manager  

Surveillance                                                                                                  Surveillance

 

Date: May 12, 2021