Notice No20210618-42Notice Date18 Jun 2021
CategoryComplianceSegmentGeneral
SubjectOrder In the matter of Alchemist Holdings Limited
Content

To

 

All Trading Members of the Exchange

 

Sub:  Final Order Under Sections 11, 11(4), 11A and 11B (1) of the Securities and Exchange Board of India Act, 1992 In the matter of Alchemist Holdings Limited In re. Deemed Public Issue Norms.

SEBI vide its order no. WTM/MPB/EFD-1-DRA-IV/ 193 /2021 dated June 18, 2021 has inter-alia issued following directions:

 

  • Mr. Sukrit Sood, Ms. Ashima Sood and Mr. Balvir Singh are restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner, from the date of this Order, till the expiry of 4 (four) years from the date of completion of refunds to investors as directed above. Mr. Sukrit Sood, Ms. Ashima Sood and Mr. Balvir Singh are also restrained from associating himself with any listed public company and any public company which intends to raise money from the public, or any intermediary registered with SEBI from the date of this Order till the expiry of 4 (four) years from the date of completion of refunds to investors.

 

  • Needless to say, in view of prohibition on sale of securities, it is clarified that during the period of restraint, the existing holding, including units of mutual funds, of the Noticee shall remain frozen

 

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 

Regulatory Correspondence                                                                       Surveillance

 

Date: June 18, 2021

 

Attachments
Order in the matter of Alchemist Holdings Limited.pdf