sebi:EAD/AO/BJD/VS/252/2018-19
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Cumulative penalty of INR 1,00,000 imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 12(1)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 31(2)
- Reg. 31(3)
Parties
- Chirag Patel
Holding
The Noticee, promoter and Whole Time director of Plethico Pharmaceuticals Limited, violated Regulation 13(4) and 13(4A) r/w Regulation 13(5) and clause 3.3-1 r/w Regulation 12(1) of PIT Regulations, 1992 and Regulation 31(2) r/w Regulation 31(3) of SAST Regulations, 2011, and is liable for monetary penalty under Sections 15A(b) and 15HB of the SEBI Act.
Full text
_____________________________________________________________________________________ Adjudication Order in the matter of Plethico Pharmaceuticals Limited Page 2 of 12
_____________________________________________________________________________________ Adjudication Order in the matter of Plethico Pharmaceuticals Limited Page 3 of 12
_____________________________________________________________________________________ Adjudication Order in the matter of Plethico Pharmaceuticals Limited Page 4 of 12
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Source: SecMarx — sebi:EAD/AO/BJD/VS/252/2018-19. 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.