INVESTIGATION
DEPARTMENT
CIRCULAR
Circular
No: NSE/INVG/2010/447 February 04, 2010
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No: NSE/INVG/2010/14056
Dear Members,
Sub: SEBI order
regarding M/S. Shah Trading Company in
the matter of Pyramid Saimira Theatre Limited.
Further to SEBI ad interim ex-parte order no.
WTM/KMA/60/04/2009 dated April 23, 2009, SEBI now vide its order no.
1. M/s. Shah Trading Company
(Proprietor, Mr. Naresh K. Shah, Permanent Account
Number: BAQPS9096D) having account number 465010200001342 maintained with Axis
Bank, Lamington Road branch, 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.
2. The concerned stock exchanges
to allow M/s. Shah Trading Company (Proprietor, Mr. Naresh
K. Shah) to square off his existing open positions in the Futures and
Options Segment, if any, immediately. The said entity would not be allowed to
take fresh positions or increase its open positions or execute trades.
Further, the concerned stock exchanges will ensure that no fresh positions are
created for the said entity.
3.
The direction passed by Securities and Exchange Board of India, vide Order
dated April 23, 2009 against M/s. Shah Trading Company (Proprietrix,
Ms. Hetal R. Shah), mentioned at serial No. 188 at
page 31 of the said Order, having account no: 023010200019752 with Axis Bank, Virar branch, is being revoked.
4.
This Order shall be read in conjunction with the Order dated April 23, 2009 and
shall come into force with immediate effect. The remaining part of the Order
dated April 23, 2009 remains unchanged.
The
detailed order is available on SEBI website (http://www.sebi.gov.in).
Further, the consolidated list of such entities
is available on the Exchange website http://www.nseindia.com home page under “Communiqué – Regulatory Actions”.
Members are advised to take note of
the above and ensure compliance.
For National Stock Exchange of India
Limited
Nisha Subhash
Asst. Vice President
Investigation