sebi:QJA/MN/NRO/NRO-DIV-III/31604/2025-26
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Facts / Headnote
Noticee No. 4 held liable for violation of Section 12(1) of SEBI Act and Regulation 7 of DT Regulations and prohibited from buying, selling or otherwise dealing in the securities market for one year from the date of the Order; no further directions issued against Noticees 1, 2 and 3 as they were already debarred under the Final Order.
Provisions invoked
- s. 19
- s. 12(1)
- s. 73
- s. 67(3)
- s. 67
- s. 117B
- s. 56
- s. 465
- s. 2(36)
- s. 60
- s. 465(2)
- s. 71(5)
Regulations
- Reg. 7
- Reg. 4(4)
Parties
- Weird Infrastructure Corporation Limited (Noticee No. 1)
- Shri Avijit Chatterjee (Noticee No. 2)
- Shri Jadunath Jena (Noticee No. 3)
- Shri Masrur Ahmed Basheer (Noticee No. 4)
Holding
Shri Masrur Ahmed Basheer (Noticee No. 4) violated Section 12(1) of the SEBI Act read with Regulation 7 of the DT Regulations by acting as a debenture trustee for deemed public issues of NCDs without holding a SEBI certificate of registration, and is prohibited from dealing in the securities market for one year. Noticees 1, 2 and 3 violated Regulation 4(4) of the ILDS Regulations and Section 117B of the Companies Act, 1956 read with Sections 71(5), (6), (9) and 465 of the Companies Act, 2013 by appointing Noticee No. 4 as debenture trustee, but no further directions are required against them as they were already debarred under the Final Order.
Full text
Order in the matter of Weird Infrastructure Corporation Limited P a g e 2 | 12 (‘ROC’). SEBI also observed that Shri Avijit Chatterjee and Shri Jadunath Jena became the directors of the Company on August 27, 2010 and ceased to be directors since January 13, 2015 and May 26, 2015, respectively.
Order in the matter of Weird Infrastructure Corporation Limited P a g e 3 | 12 7. Accordingly, a common Show Cause Notice (‘SCN’) dated August 22, 2024 was issued to all the Noticees, calling upon them to show cause as to why suitable
Order in the matter of Weird Infrastructure Corporation Limited P a g e 4 | 12 14/10/2011 (as per Form 23 on MCA portal Not Available
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Source: SecMarx — sebi:QJA/MN/NRO/NRO-DIV-III/31604/2025-26. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.