sebi:EAD-3/ORDER/JS/SP/65-67/2018-19
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Proceedings against Mahesh Kayan abated due to death; Show Cause Notice against Usha Kayan and Rachita Kayan disposed of without imposition of any penalty
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 29(1)
- Reg. 29(3)
- Reg. 2(1)(q)
Parties
- Mahesh Kayan
- Usha Kayan
- Rachita Kayan
Holding
Proceedings against Mahesh Kayan abate on his death on May 30, 2016, while Usha Kayan and Rachita Kayan as persons acting in concert violated Regulation 29(1), 29(2) read with 29(3) of SAST Regulations, 2011 but no penalty is imposed on them.
Full text
Adjudication order passed against Mahesh Kayan, Usha Kayan and Rachita Kayan in the matter of Sharp Trading & Finance Ltd. Page 2 of 9
Adjudication order passed against Mahesh Kayan, Usha Kayan and Rachita Kayan in the matter of Sharp Trading & Finance Ltd. Page 3 of 9
Adjudication order passed against Mahesh Kayan, Usha Kayan and Rachita Kayan in the matter of Sharp Trading & Finance Ltd. Page 4 of 9
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Source: SecMarx — sebi:EAD-3/ORDER/JS/SP/65-67/2018-19. 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.