sebi:WTM/AB/SEBI/MIRSD/NRO/03/2020-21
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Facts / Headnote
Representations dated May 11, 2020 and May 13, 2020 disposed of with direction to de-freeze specified bank accounts of the Representors
Parties
- Modex International Securities Limited
- Sharda Gupta
Holding
SEBI directed that the specified bank accounts of Suresh Kumar Gupta, Ankit Gupta and Anuj Gupta, where they are first holders and Ms. Sharda Gupta (Noticee no. 8) is only second/joint holder, shall be de-freezed.
Full text
Miscellaneous Order in the matter of Modex International Securities Limited Page 2 of 9 associated with the securities market in any manner whatsoever, till further directions;
Miscellaneous Order in the matter of Modex International Securities Limited Page 3 of 9 (viii) The stock exchanges shall deal with the complaints/claims of the clients against the member and may return the amount of client fund and securities to the clients and may also use assets of the Noticee no. 1 to meet clients’/exchanges’/clearing members’/clearing corporations’, obligations; and
Miscellaneous Order in the matter of Modex International Securities Limited Page 4 of 9 (iv) Their bank accounts have been frozen without providing them any notice or any opportunity of hearing;
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Source: SecMarx — sebi:WTM/AB/SEBI/MIRSD/NRO/03/2020-21. 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.