| Final Order in the Matter of Samrat Trades (Proprietor Altamash Sheikh) |
To All Trading Members of the Exchange Sub: FINAL ORDER Under Sections 11, 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 in the matter of Samrat Trades. In continuation to the Exchange Notice No. 20191126-35 dated November 26, 2019 on the captioned matter. SEBI vide its order no. WTM/GM/WRO/WRO/14066/2021-22 dated November 01, 2021 has inter-alia issued following directions: - The Noticee (Altamash Sheikh, proprietor of Samrat Trades) shall be restrained from accessing the Securities market, and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, and associating with the securities market in any manner, whatsoever, for a period of 4 years.
- In case of failure of the Noticee to comply with the aforesaid directions, 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 2 years or till such time the directions in 7.1.3 and 7.1.4 are complied with, whichever is later.
- The directions contained in 42.1.3 and 42.3 of the Interim Order shall continue to be in force till the compliance of the directions in 7.1.3 and 7.1.4 of this Order.
- The period of debarment as directed by way of this Order shall run concurrently in respect of the Noticee, as mentioned in 7.1 above, who may already be undergoing any period of debarment.
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 Rohan Shetty Asst.General Manager Assistant Manager Regulatory Correspondence Surveillance Date: November 01, 2021 |