sebi:WTM/GM/EFD/23/2021-22
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Facts / Headnote
The application dated July 14, 2021, made by Beejay Investments and Financial Consultants Private Limited, Sudhir Jain and Rashmi Jain stand disposed of with directions permitting limited defreezing for sale of securities and transfer of proceeds to SEBI.
Holding
SEBI permitted defreezing of Sudhir Jain's specified demat account and HDFC bank account for the limited purpose of selling 4500 Nippon India ETF Liquid BeES and transferring the sale proceeds to SEBI toward the Rs. 45 lakh interim deposit directed by SAT, disposing of the July 14, 2021 application.
Full text
Page 2 of 6 14. Rajesh Kumar Agarwal ADDPA1188K 15. Debasis Mishra AHBPM8657M 16. Surendra Agarwala ADHPA1860E 17. Bhupendra Kumar Dhanuka ACOPD8512C
Page 3 of 6 in any manner vide SEBI orders dated June 16, 2016 and March 27, 2017, hereby stand revoked; c. Noticee Nos. 7 and 18, not being part of the SEBI orders dated June 16, 2016 and March 27, 2017, are hereby 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 a period of four (4) years, from the date of this
Page 4 of 6 Rs. 45 Lakhs with SEBI in compliance with the SAT Order. The details of the scrip sought to be liquidated and the demat account of Sudhir Jain, as provided in the Application are given below: Table 1- Details of the Security Scrip Quantity Value as on July 13, 2021 Nippon India ETF Liquid BeES 4500 45,00,000
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Source: SecMarx — sebi:WTM/GM/EFD/23/2021-22. 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.