sebi:WTM/AB/IVD/ID2/7990/2020-21
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Facts / Headnote
Proceedings against the Noticee under SCN dated December 07, 2015 abated and disposed without further directions; directions issued vide interim order dated April 23, 2009 revoked
Provisions invoked
- s. 11
- s. 12A
Regulations
- Reg. 3(a)
Parties
- P.S. Saminathan
Holding
The show cause notice dated December 07, 2015 issued to P.S. Saminathan is disposed of without any further directions as abated, and the directions issued against him vide the interim ex parte order dated April 23, 2009 stand revoked.
Full text
Final Order in the matter of Pyramid Saimira Theatre Limited Page 2 of 13 in the morning that the company had not received any communication from SEBI regarding the media reports on Open Offer. BSE disseminated the denial by the company at 10:28:04 a.m. on December 22, 2008 on its website and NSE did so at 10:30:00 a.m. on same day.
Final Order in the matter of Pyramid Saimira Theatre Limited Page 3 of 13 4. Pending investigation, SEBI vide an ad interim ex parte order dated April 23, 2009 (hereinafter referred to as “interim order”) issued under Sections 11, 11B and 11(4) of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act, 1992”) inter alia directed 257 entities and their proprietors/partners/directors who prima facie appear to have played a role in the forgery of the SEBI letter, dissemination of the information contained in the forged letter to the media, misleading the media to believe in the authenticity of the information that was circulated to them, carrying out suspicious banking transactions, carrying out and disguising his manipulative intent and gaining advantage from the forgery and have channeled funds either directly or indirectly in the stock markets for manipulating the scrip of PSTL, not to buy, sell or deal in the securities market including in Initial Public Offerings, in any manner, either directly or indirectly, till further directions.
Final Order in the matter of Pyramid Saimira Theatre Limited Page 4 of 13 b) The major misleading corporate announcements made by the Noticee are as under:
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Source: SecMarx — sebi:WTM/AB/IVD/ID2/7990/2020-21. 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.