To
All Trading Members of the Exchange
Sub: Order Under Sections 11 (1), 11 (4) and 11B (1) of the Securities and Exchange Board of India Act, 1992 In Re: Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003, in the matter of Front Running Trading activity of Dealers of Reliance Securities Ltd. and other connected entities.
In continuation to the Exchange Notice No. 20200810-61 and 20201230-36 dated August 08, 2020 and December 30, 2020 on the captioned matter.
SEBI vide its order no. WTM/MB/ISD/ISD_ISD/12408/2021-22 dated June 30, 2021 has inter-alia confirm the following directions of the interim order dated August 7, 2020 with effect from the date of this order:
- Mr. Harshal Vira, Mr. Bhavesh Gandhi, Mr. Abhijeet Jain, Mr. Ketan Parekh, Mr. Anish Bagadia, Mr. Mukesh Parekh, Mr. Rutul Shah, Mr. Mukesh Jain, Ms. Meena Ramniklal Vira, Anish Pravin Bagadia HUF, Pravin Durlabhji Bagadia HUF, Ms. Falguni Ketan Parekh, Mr. Dhimant Himatlal Shah, Mr. Rajesh Himmatlal Shah, Mr. Sanket Rajeshkumar Shah, Ms. Archana Mukesh Parekh, Mr. Rahul Doshi, Labdhi Enterprises and Across Broking Pvt. Ltd. are restrained from buying, selling or dealing in the securities market or associating themselves with securities market, either directly or indirectly, in any manner whatsoever till further directions.
· Needless to say that in view of the prohibition on sale of securities, during the period of restraint, the existing holding, including units of mutual funds, of the Noticees shall remain frozen including the demat accounts held by the Noticees, individually or jointly and severally.
· Revoke the directions issued against Ms. Foram Gandhi in the interim order as applicable to her.
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 30, 2021
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