sebi:EAD-3/JS/SP/51-53/2018
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Facts / Headnote
Penalty imposed on Manali Properties & Finance Ltd. (Rs. 3,00,000) and Soumitra Ghose (Rs. 5,00,000); proceedings against Atish Kumar Shaw disposed off for want of evidence; proceedings against Manali under Section 11C(5) disposed off.
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15H
- s. 11C
- s. 11C(3)
- s. 15F
- s. 11C(5)
Parties
- Manali Properties & Finance Ltd.
- Soumitra Ghose
- Atish Kumar Shaw
Holding
Manali Properties & Finance Ltd. and Soumitra Ghose were held liable for violating Section 11C(3) (and Soumitra also Section 11C(5)) of the SEBI Act for failing to furnish information and appear before the Investigating Authority, and were penalized Rs. 3,00,000 and Rs. 5,00,000 respectively under Section 15A(a). Proceedings against Atish Kumar Shaw were disposed off for want of evidence, and the charge against Manali under Section 11C(5) was not sustained.
Full text
Adjudication Order against Manali Properties & Finance Ltd., Soumitra and Atish kumar in the matter of Falcon Tyres Ltd and Dunlop India Ltd. Page 2 of 18
Adjudication Order against Manali Properties & Finance Ltd., Soumitra and Atish kumar in the matter of Falcon Tyres Ltd and Dunlop India Ltd. Page 3 of 18
Adjudication Order against Manali Properties & Finance Ltd., Soumitra and Atish kumar in the matter of Falcon Tyres Ltd and Dunlop India Ltd. Page 4 of 18
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Source: SecMarx — sebi:EAD-3/JS/SP/51-53/2018. 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.