sebi:EAD-2/SS/SK/2018-19/2550-2556
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Facts / Headnote
Penalty of Rs. 50,000 imposed on each of the seven Noticees
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 16
- Reg. 17
- Reg. 5
- Reg. 23(1)
- Reg. 23
- Reg. 24
- Reg. 16(1)
- Reg. 17(1)
- Reg. 24(2)
- Reg. 17(1)(l)
- Reg. 23(1)(a)
Parties
- Cinema Capital Advisory Private Limited
- Mr. Samir Gupta
- Mr. Shashanka Ashokkumar Ghosh
- Mr. Binay Chandra Mandal
- Cinema Capital Contributory Company Private Limited
- Mrs. Urmila Ghosh
- Mr. Amrit Lal Suri
Holding
The Noticees were held liable for violations of VCF Regulations including failure to wind up the scheme within the prescribed period and failure to liquidate assets within three months of winding up, and each of the seven Noticees was imposed a penalty of Rs. 50,000.
Full text
_________________________________________________________________________________________ Adjudication Order in respect of seven entities in the matter of Cinema Capital Venture Fund Page 2 of 25 (File No.: EAD-2/SS/SK/70/175-181/2018-19)
_________________________________________________________________________________________ Adjudication Order in respect of seven entities in the matter of Cinema Capital Venture Fund Page 3 of 25 (File No.: EAD-2/SS/SK/70/175-181/2018-19)
_________________________________________________________________________________________ Adjudication Order in respect of seven entities in the matter of Cinema Capital Venture Fund Page 4 of 25 (File No.: EAD-2/SS/SK/70/175-181/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/SK/2018-19/2550-2556. 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.