sebi:EAD/BJD/NJMR/105/2017-18
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Facts / Headnote
Adjudication proceedings held not maintainable and disposed of accordingly
Provisions invoked
- s. 15
- s. 279
- s. 446
Regulations
- Reg. 13
- Reg. 29
Parties
- Lakhani India Ltd.
Holding
The adjudication proceedings initiated against Lakhani India Ltd. vide SCN dated January 11, 2018 are not maintainable and are therefore disposed of accordingly.
Full text
Adjudication Order in respect of Lakhani India Ltd., Page 2 of 6 to as “Adjudicating Rules”) to inquire into and adjudge under Section 15 A (b) of the SEBI Act for the alleged violation of provisions SEBI (PIT) Regulations.
Adjudication Order in respect of Lakhani India Ltd., Page 3 of 6 by Lakhani India Ltd., to BSE. Therefore, it was alleged that the Noticee by not making the required disclosures in terms of SEBI (PIT) Regulations, has violated the provisions of Regulation 13 (6) of SEBI (PIT) Regulations.
Adjudication Order in respect of Lakhani India Ltd., Page 4 of 6 issue as to whether the Adjudication proceedings initiated by SEBI against the Noticee are maintainable.
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Source: SecMarx — sebi:EAD/BJD/NJMR/105/2017-18. 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.