sebi:EAD-7/BJD/NJMR/260/2018-19

SEBI · SEBI · 2004-03-31 · B J Dilip, Adjudicating Officer

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Violation established; penalty of Rs 10,00,000 imposed under Section 15A(a)

Provisions invoked

• s. 11
• s. 15A
• s. 15
• s. 19
• s. 15J
• s. 12

Parties

• Linkhouse Industries Ltd.

Holding

The Noticee, Linkhouse Industries Ltd., violated Sections 11(C)(2) and 11(C)(3) of the SEBI Act by failing to comply with the summons dated July 14, 2016. A monetary penalty of Rs 10,00,000 under Section 15A(a) of the SEBI Act was imposed on the Noticee.

Full text

Adjudication Order in respect of Linkhouse Industries Ltd., Page 2 of 14 Quarter Ended Promoter Non- Promoter Total Shares No. of Shares % No. Of Shareholders No. of Shares % No. Of Shareholders Mar-04 34,97,600 70.52 24 14,62,400 29.48 NA 49,60,000 Jun-04 38,42,600 77.47 24 11,17,400 22.53 NA 49,60,000 Sep-04 38,42,600 77.47 24 11,17,400 22.53 NA 49,60,000 Dec-04 38,42,600 77.47 24 11,17,400 22.53 NA 49,60,000 Mar-05 27,97,330 56.40 23 21,62,670 43.60 NA 49,60,000 Jun-05 24,45,600 49.31 18 25,14,400 50.69 NA 49,60,000 Sep-05 25,54,804 51,51 22 24,05,196 48.49 NA 49,60,000 Dec-05 5,10,96,080 51.51 22 4,81,03,920 48.49 NA 9,92,00,000 Mar-06 5,10,96,080 51.51 22 4,81,03,920 48.49 NA 9,92,00,000 Jun-06 5,10,96,080 51.51 22 4,81,03,920 48.49 548 9,92,00,000 Sep-06 5,10,96,080 51.51 22 4,81,03,920 48.49 529 9,92,00,000 Dec-06 5,10,96,080 51.51 22 4,81,03,920 48.49 525 9,92,00,000 Mar-07 5,10,96,080 51.51 22 4,81,03,920 48.49 455 9,92,00,000 Jun-07 5,10,96,080 51.51 22 4,81,03,920 48.49 506 9,92,00,000 Sep-07 5,10,96,080 51.51 22 4,81,03,920 48.49 532 9,92,00,000 Dec-07 5,10,96,080 51.51 22 4,81,03,920 48.49 798 9,92,00,000 Mar-08 5,10,96,080 51.51 22 4,81,03,920 48.49 864 9,92,00,000 Jun-08 5,10,96,080 51.51 22 4,81,03,920 48.49 1145 9,92,00,000 Sep-08 5,10,96,080 51.51 22 4,81,03,920 48.49 1075 9,92,00,000 Dec-08 5,10,96,080 51.51 22 4,81,03,920 48.49 1080 9,92,00,000

Adjudication Order in respect of Linkhouse Industries Ltd., Page 3 of 14 2 Nandkumar Khattumal Harchandani 51400 1.04 51400 1.04 3 Poonamdevi Nandkumar Harchandani 174000 3.51 174000 3.51 4 Riteshkumar Nandkuamr Harchandani 52000 1.05 52000 1.05 5 Vijaykumar Nandkumar Harchandani 57000 1.15 57000 1.15 6 Archana Deepak Wani 190000 3.83 190000 3.83 7 Savitridevi Khattumal Harchandani 5800 0.12 5800 0.12 8 Nandkumar Khattumal Harchandani HUF 40000 0.81 40000 0.81 9 Poonam Resorts Ltd. 180000 3.63 180000 3.63 10 Kumar Hotel Ltd. 189000 3.81 189000 3.81 11 Kardhar Finance Pvt. Ltd. 170000 3.43 170000 3.43 12 Lire Investment Pvt. Ltd. 180000 3.63 180000 3.63 13 Nandkumar Harchandani & Company India Pvt. Ltd. (Name subsequently changed to N. Kumar Housing & Infrastructure Pvt. Ltd.) 180000 3.63 180000 3.63 14 Aihar Investment Pvt. Ltd. 170000 3.43 245000 4.94 15 Humble Finivest Pvt. Ltd. 192000 3.87 247000 4.98 16 Malahi Investment Pvt. Ltd. 180000 3.63 245000 4.94 17 Ritesh Securities Ltd. 150000 3.02 245000 4.94 18 Splashy Securities Pvt. Ltd. 190000 3.83 245000 4.94 19 Brazen Traders Pvt. Ltd. 190000 3.83 190000 3.83 20 Value Finivest Operations Pvt Ltd 186000 3.75 186000 3.75 21 I TV Network India Pvt. Ltd. 190000 3.83 190000 3.83 22 IT Craze India Pvt. Ltd. 160000 3.23 160000 3.23 23 Samiel Investment and Finance Pvt. Ltd. 175400 3.54 175400 3.54 24 Primate Investment and Trading Pvt. Ltd. 188000 3.79 188000 3.79

Adjudication Order in respect of Linkhouse Industries Ltd., Page 4 of 14 (applicable only if any other disclosures were made by promoters / PACs apart from disclosures submitted vide email dated December 25, 2015);

Source: SecMarx — sebi:EAD-7/BJD/NJMR/260/2018-19. 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.