sebi:EAD-2/DSR/JAK/813-814/2017
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Facts / Headnote
Penalties of Rs.1,00,000 on Chhibbar Business & Fiscals Private Limited and Rs.3,00,000 on Doyang Wood Products Limited imposed under Section 15A(b), payable within 45 days
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 11
- Reg. 7(1)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 29
- Reg. 31
- Reg. 29(1)
- Reg. 15A(b)
- Reg. 24
- Reg. 18
- Reg. 22
- Reg. 14
Parties
- Chhibbar Business & Fiscals Private Limited
- Doyang Wood Products Limited
Holding
CBFPL violated Regulation 13(4A) read with Regulation 13(5) of the PIT Regulations and DWPL violated Regulations 13(1), 13(3), 13(4A) read with Regulation 13(5) of the PIT Regulations and Regulations 29(1) and 29(2) read with Regulation 29(3) of the SAST Regulations. Monetary penalties of Rs.1,00,000 on CBFPL and Rs.3,00,000 on DWPL under Section 15A(b) of the SEBI Act were imposed.
Full text
Page 2 of 11 Appointment of Adjudicating Officer 2. I have been appointed as the Adjudicating Officer vide order dated January 25, 2017, under Section 15 I of the SEBI Act read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as the 'Rules') to inquire into and adjudge the alleged violations of the provisions of law by the noticees under Section 15A(b) of the SEBI Act .
Page 3 of 11 financial/material interest and/or to make or earn any extraordinary/manipulative monetary gain of any kind.
Page 4 of 11 5. Consideration of Issues, Evidence and Findings I have carefully perused the charges leveled against the Noticees as per the SCNs and the material as available on record. The issues that arise for consideration in the present case are:
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Source: SecMarx — sebi:EAD-2/DSR/JAK/813-814/2017. 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.