sebi:BM/AO-42/2011
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Proceedings disposed of; no penalty imposed
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 12
- s. 15J
- s. 11C
Parties
- Nirchem Soaps and Detergents Pvt Ltd
Holding
The allegation that the Noticee violated section 11C(2), (3) and (5) of the SEBI Act by failing to comply with summonses issued by the IA was not established, and no penalty was imposed under section 15A(a) of the SEBI Act.
Full text
2 large numbers of shares of GHCL were allegedly acquired mainly through five AOPs (Association of Persons). The following were the five AOPs who dealt extensively in the scrip of GHCL. No. Association of Persons (AOPs)
3 S. No. Name of the entity No. of shares sold Name of the buying party 1 M/s Naman Associates 761900 2 M/s Navin Associates 761800 3 M/s Neo Associates 761900 4 M/s Nirman Associates 761900 5 M/s Nirchem Associates 761800
4 8. It was alleged in the SCN that the Noticee did not cooperate with the IA by allegedly failing to provide/produce the desired information/documents in spite of summons for the same.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:BM/AO-42/2011. 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.