sebi:EAD-7/BJD/BKM/2018-19/1669-1674
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Facts / Headnote
Penalty of Rs. 1,00,00,000 jointly and severally on SHIL and Noticee 2-4 and Rs. 5,00,000 each on Noticee 5-6, total Rs. 1,10,00,000, imposed for illegal CIS without registration.
Provisions invoked
- s. 11A
- s. 15
- s. 12
- s. 15H
- s. 15J
- s. 15F
- s. 15D
Regulations
- Reg. 3
- Reg. 14
- Reg. 200
- Reg. 4(2)(t)
Parties
- Servehit Housing and Infrastructure India Limited
- Shri Sukhmander Singh
- Shri Balbir Singh Saini
- Shri Surjeet Kumar
- Shri Rajendra Kumar
- Shri Satish Kumar
Holding
SHIL and its directors violated Section 12(1B) of SEBI Act and Regulation 3 of CIS Regulations, and SHIL with Shri Sukhminder Singh, Shri Balbir Singh Saini and Shri Surjeet Kumar additionally violated Regulation 4(2)(t) of PFUTP Regulations, attracting monetary penalty under Section 15D(a) and Section 15HA.
Full text
____________________________________________________________________________________ Adjudication Order in matter of Servehit Housing and Infrastructure India Limited Page 2 of 21
____________________________________________________________________________________ Adjudication Order in matter of Servehit Housing and Infrastructure India Limited Page 3 of 21
____________________________________________________________________________________ Adjudication Order in matter of Servehit Housing and Infrastructure India Limited Page 4 of 21
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Source: SecMarx — sebi:EAD-7/BJD/BKM/2018-19/1669-1674. 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.