sebi:EAD/BJD/BKM/100/2017-18
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Facts / Headnote
Ex-parte adjudication finding violation of Regulation 4(2) and 16 of Issue and Listing Regulations 2013; maximum penalty imposed under Section 15HB of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 80
- s. 73
- s. 15J
- s. 15F
- s. 67(3)
- s. 67
- s. 56
- s. 73(2)
- s. 55(3)
- s. 55
- s. 73(1)
- s. 2(36)
Regulations
- Reg. 4
- Reg. 13
- Reg. 16
- Reg. 4(2)
- Reg. 201
- Reg. 200
Parties
- M/s. Indus Weir Industries Limited
Holding
The Noticee, M/s. Indus Weir Industries Limited, violated Regulation 4(2) and Regulation 16 of the Issue and Listing Regulations 2013 by mobilizing funds through redeemable preference shares from 32,454 investors without obtaining listing approval, credit rating, or depository arrangement, and the maximum penalty under Section 15HB of the SEBI Act was imposed.
Full text
____________________________________________________________________________________ Adjudication Order in matter of M/s. Indus Weir Industries Limited Page 2 of 30
____________________________________________________________________________________ Adjudication Order in matter of M/s. Indus Weir Industries Limited Page 3 of 30
____________________________________________________________________________________ Adjudication Order in matter of M/s. Indus Weir Industries Limited Page 4 of 30
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Source: SecMarx — sebi:EAD/BJD/BKM/100/2017-18. 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.