sebi:EAD-9/VV/NK/2021-22/15199
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Facts / Headnote
No penalty imposed; matter disposed of against the Noticee
Provisions invoked
- s. 11A
- s. 15
- s. 19
- s. 12
- s. 15H
- s. 15J
- s. 482
Regulations
- Reg. 11
- Reg. 3
- Reg. 4
- Reg. 4(2)
- Reg. 4(2)(t)
- Reg. 65
Parties
- Rajesh Jain
Holding
The allegation of violation of Regulation 4(2)(t) of the PFUTP Regulations, 2003 against Mr Rajesh Jain was not established and no penalty was warranted, and the matter was disposed of.
Full text
Adjudication Order in respect of Mr Rajesh Jain in the matter of Pragya Dairies and Agro Limited Page 2 of 21 to as “Noticee”) being one of the director of PDAL, sought following information about fund mobilization schemes:
Adjudication Order in respect of Mr Rajesh Jain in the matter of Pragya Dairies and Agro Limited Page 3 of 21 investor if he does not want to posses the good/property after payment of initial amount; m) Details of any other similar scheme(s), if any, floated by the company or its group/ associates company ; n) Confirm whether ‘Scheme (s)’ floated by the company falls under the SEBI ( Collective Investment Schemes ) Regulations,1999. o) Address of all the branches operating in India. p) Was any broker / agents employed for said issue? If yes, please provide name and amount of brokerage/ commission paid. q) Details of any action initiated/ taken by any other authority ( including any court order ) against the company in respect of money raised from public.
Adjudication Order in respect of Mr Rajesh Jain in the matter of Pragya Dairies and Agro Limited Page 4 of 21 b) “ The Company had received normal sales Proceeds of agriculture produce and other Agri based activities during the period starting from 01/04/2011 and ended on 31/03/2012 ”
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Source: SecMarx — sebi:EAD-9/VV/NK/2021-22/15199. 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.