Notice No20210524-26Notice Date24 May 2021
CategoryComplianceSegmentGeneral
SubjectOrder in the matter of Le Waterina Resorts and Hotels Limited
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 Le Waterina Resorts and Hotels Limited.

 

SEBI vide its order no. WTM/SM/ IVD/ 24 /2021-22 dated May 24, 2021 has inter-alia issued following directions:

 

  • Restrain 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

Noticee no. 2

06 months

Noticee no. 3

06 months

Noticee no. 4

06 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 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 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: May 24, 2021

 

 

 

 

Attachments
in the matter ofLe Waterina Resorts and Hotels Limited.pdf