sebi:WTM/MB/NRO/10695/2020-21
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Facts / Headnote
Interim ex-parte cease-and-desist, no further collection, no diversion of funds, bank and demat freeze directions issued against company, promoters and directors pending enquiry; order to be treated as show-cause notice with 21 days to reply and seek personal hearing.
Provisions invoked
- s. 11A
- s. 11
- s. 19
- s. 12
- s. 27
- s. 21
- s. 30
- s. 58A
- s. 620A
- s. 179
Regulations
- Reg. 65
- Reg. 3
- Reg. 4
- Reg. 200
Parties
- Big Em Estates & Infrastructures Ltd.
- Mr. Munish Sharma
- Mr. Raghav Singh
- Ms. Arti Sharma
- Ms. Sudhi Singh
- Mr. Rajinder Singh
- Ms. Prem Lata
- Ms. Sharda Bhandari
- Mr. Dharam Vir Bhandari
Holding
Scheme Product B (Teak) floated by Big Em Estates & Infrastructures Ltd. was prima facie held to be a Collective Investment Scheme under Section 11AA SEBI Act operated without registration in violation of Section 12(1B) SEBI Act read with Regulation 3 CIS Regulations. Pending final enquiry, interim ex-parte restraints including cease-and-desist, no-collection, no-diversion and bank/demat freeze were imposed on the company, its promoters and directors.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of Big Em Estates & Infrastructures Ltd. Page 1 of 30
__________________________________________________________________________________________________________________ Interim Order in the matter of Big Em Estates & Infrastructures Ltd. Page 2 of 30
__________________________________________________________________________________________________________________ Interim Order in the matter of Big Em Estates & Infrastructures Ltd. Page 3 of 30
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Source: SecMarx — sebi:WTM/MB/NRO/10695/2020-21. 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.