sebi:EAD-2/SS/VS/2019-20/2654-2657
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Facts / Headnote
Show cause notice dated July 31, 2018 disposed of; no penalty imposed
Provisions invoked
- s. 11B
- s. 11A
- s. 11
- s. 15H
- s. 15I
Regulations
- Reg. 65
Parties
- Nikhara Bharath Construction Company Limited
- Mr. Kodandarama Pilliah
- Mrs. Bharathi Balakrishna Murthy
- Mrs. Sreedevi Balakrishnamurthy
Holding
The SCN dated July 31, 2018 alleging non-compliance with SEBI's interim order dated June 12, 2014 and confirmatory order dated August 21, 2015 was disposed of, as the WTM's final order dated April 09, 2014 (2019) held that the Company's business activities do not constitute a Collective Investment Scheme.
Full text
_____________________________________________________________________________ Adjudication Order in the matter of Nikhara Bharath Construction Company Limited Page 2 of 8 (File Ref No.: EAD-2/SS/VS/3/3-6/2019-20)
_____________________________________________________________________________ Adjudication Order in the matter of Nikhara Bharath Construction Company Limited Page 3 of 8 (File Ref No.: EAD-2/SS/VS/3/3-6/2019-20)
_____________________________________________________________________________ Adjudication Order in the matter of Nikhara Bharath Construction Company Limited Page 4 of 8 (File Ref No.: EAD-2/SS/VS/3/3-6/2019-20)
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Source: SecMarx — sebi:EAD-2/SS/VS/2019-20/2654-2657. 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.