sebi:EAD-3/ORDER/JS/SP/3112-3119/2019-20
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Facts / Headnote
Violations established against Ranklin and seven directors; monetary penalties imposed under SEBI Act and SCRA
Provisions invoked
- s. 15
- s. 19
- s. 81
- s. 15H
- s. 15J
- s. 15F
- s. 23A
- s. 21
- s. 23J
- s. 23E
- s. 23
Regulations
- Reg. 12(1)
- Reg. 4(1)
- Reg. 3(a)
Parties
- Ranklin Solutions Ltd
- MJVVD Prakash
- P Venkateswara Rao
- M Jyotsana Lakshmi
- JVV Raghava Kumar
- M Satish Kumar
- K S Chakravarthi
- K Vijaya Rama Raju
Holding
Ranklin and its seven directors violated PFUTP Regulations and Clause 36 of the Listing Agreement read with Section 21 SCRA by making false dividend and GDR/ADR announcements and failing to disclose non-implementation, attracting penalties under Section 15HA of SEBI Act and Sections 23A(a) and 23E of SCRA.
Full text
Adjudication Order passed in respect of Ranklin, Prakash, Venkateswara, Jyotsana, Raghava, Satish, Chakravarthi and Vijaya in the matter of Ranklin Solutions Ltd. Page 2 of 19
Adjudication Order passed in respect of Ranklin, Prakash, Venkateswara, Jyotsana, Raghava, Satish, Chakravarthi and Vijaya in the matter of Ranklin Solutions Ltd. Page 3 of 19
Adjudication Order passed in respect of Ranklin, Prakash, Venkateswara, Jyotsana, Raghava, Satish, Chakravarthi and Vijaya in the matter of Ranklin Solutions Ltd. Page 4 of 19
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Source: SecMarx — sebi:EAD-3/ORDER/JS/SP/3112-3119/2019-20. 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.