Home' Trinidad and Tobago Guardian : January 17th 2018 Contents A10 news
Wednesday, January 17, 2018
TRINIDAD AND TOBAGO SECURITIES
AND EXCHANGE COMMISSION
In the Matter of Sections 63(a) and 65(1) of the Securities Act, 2012 and
By-Laws 47(c) and 48(1) of the Securities (General) By-Laws, 2015
In the Matter of Section 159 of the Securities Act, 2012
TAKE NOTICE that the Trinidad and Tobago Securities and Exchange Commission (the
Commission) will convene a hearing to consider the contravention of Sections 63(a)
and 65(1) of the Securities Act, 2012 and By-Laws 47(c) and 48(1) of the Securities
(General) By-Laws, 2015 by the National Insurance Property Development Company
AND TAKE NOTICE that this hearing will be an expedited hearing pursuant to Rule 11
of the Securities Industry (Hearings and Settlements) Practice Rules, 2008 and will be
on Tuesday January 23, 2018 at 9:30am.
AND TAKE FURTHER NOTICE that the persons entitled to receive notice of this Hearing
Any other interested persons who wish to be heard at, or attend the hearing, may appear
in person or be represented by Counsel. Such parties are asked to make written sub-
missions addressed to the Commission’s General Counsel/Corporate Secretary by
4:00pm on January 19, 2018.
Please email firstname.lastname@example.org or contact the Commission’s General Counsel/Corpo-
hearing, and/or the name(s) of your representatives by 4:00pm on January 19, 2018.
Dated January 17, 2018
BY ORDER OF THE COMMISSION
For further information, please call
The Corporation apologizes for any inconvenience caused.
The vehicles can be viewed at Ramps Ltd. at Hackett Lane Tunapuna and can be
viewed Monday- Friday from 9:00 am to 3:00 pm and Saturday from 9:00 am to
Bid forms are available at either Bank Employees Credit Union (622-4035 ext. 131)
or at Ramps Ltd. 645-2376
• The vehicles are being sold “as is /where is”
• All bids accepted are exclusive of transfer fees
• The Mortgagee does not bind itself to accept the highest or any offer
Sealed bids must be submitted on the
prescribed bid form by January 17th 2018
Unsuitable bids will not be acknowledged.
SALE BY MORTGAGEE
Hyundai Tucson SUV- PCC 7964
Hyundai Accent - PDG 2816
State to pay $1.1m
for seizure of
The State has been ordered to pay
$1.1 million in compensation to a
construction company from Sangre
Grande. The company’s excavator
was unlawfully impounded by po-
lice for more than a year.
Delivering an oral decision in the
Port-of-Spain High Court yesterday,
Justice Frank Seepersad ruled that
Vigai and Vijay Contracting Com-
pany Limited was entitled to the
damages for loss of use of the Cater-
Seepersad calculated the dam-
ages based on a daily rental rate of
$3,000, which the company claimed
it was earning before the seizure.
The equipment was purchased in
2011 for $650,000.
However, he refused to grant
damages for depreciation of the
excavator, which was purchased in
2011, as it was in good working con-
dition when returned last year.
According to the evidence in the
lawsuit, the equipment was seized
on February 4, 2016, by Sangre
Grande Police who claimed that it
may have been stolen.
As he ruled in the company’s fa-
vour and ordered the immediate
release in April, last year, Seepersad
criticised the police as he noted that
the company provided evidence that
it was the owner of the equipment.
He also criticised investigators
who were unable to show what evi-
dence, if any, their investigation had
“There must be a reasonable bal-
ance between the constitutional
right of citizens to enjoy their prop-
erty and the State’s right to detain
property,” Seepersad said as he de-
scribed the action of the police as
inordinate and unreasonable.
The company was represented by
Members of Pan Jammers in an exuberant mood during their rendition of “Signal To Lara” during Pan Trinbago’s
Panorama Single Pan Finals 2018 at the Basketball Court, Arima on Sunday evening. Pan Jammers placed second
with a score of 285 points.
PICTURE ABRAHAM DIAZ
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