To

All Trading Members of the Exchange

SUB: ORDER UNDER SECTION 11(1), 11(4) AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 IN THE MATTER OF RESEARCH INFOTECH PROPRIETOR MS. JASMEET KAUR BAGGA.

In continuation to the Exchange Notice No. 20191212-32 dated December 12, 2019 on the captioned matter.

SEBI vide its order no. WTM/SM/ 30 /2021-22 dated June 01, 2021 has inter-alia issued following directions:

• The Noticee is hereby restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner whatsoever, for a period of four (04) years from the date of this order. It is clarified that while calculating the period of debarment as directed above, the period of restraint already undergone on account of interim order shall be adjusted.

• In case of failure of the Noticee to comply with the directions mentioned in para 35(ii)(iii) of the Order, the Noticee shall be restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner whatsoever, for an additional period of two (02) years or for such time all the complaints are resolved, whichever is later.

• It is further clarified that during the period of restraint, the existing holding of securities including the holding of units of mutual funds of the Noticee shall remain frozen.

• Obligation of the Noticee, 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, only in respect of pending unsettled transactions, if any. Further, all open positions, if any, of the Noticee 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: June 01, 2021