sebi:IVD/GCL/AO/DRK-AKS/EAD-3/371/37-13
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Facts / Headnote
Penalty of ₹1,00,00,000 imposed on Gibs Computers Ltd. for violation of SEBI's order dated November 12, 2007.
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 301
Parties
- Gibs Computers Ltd. (formerly known as Goldfish Computers Pvt. Ltd.)
Holding
The noticee, Gibs Computers Ltd., was held to have indirectly dealt in the securities market through front entities in violation of SEBI's order dated November 12, 2007, and was imposed the maximum penalty of ₹1,00,00,000 under Section 15HB of the SEBI Act.
Full text
Page 2 of 14 ‘Confidence’), Bang Overseas Ltd. (hereinafter referred to as ‘Bang’), Shree Precoated Steels Ltd. (now known as Ajmera Realty & Infra India Ltd.) (hereinafter referred to as ‘SPSL’) and Temptation Foods Ltd. (hereinafter referred to as ‘Temptation’).
Page 3 of 14 the violation of SEBI order dated 12.11.2007 passed in the matter of Shri Ketan Parekh (hereinafter referred to as ‘KP’) and other entities related to him alleged to have been committed by Gibs Computers Ltd. (formerly known as ‘Goldfish Computers Pvt. Ltd.’) (hereinafter referred to as ‘noticee’).
Page 4 of 14 Noticee denies that funds from the securities market have been routed through it as wrongly alleged or otherwise and therefore, the contents discloses no cause of action or any allegations which supports the purported charge sought to be levied against it.
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Source: SecMarx — sebi:IVD/GCL/AO/DRK-AKS/EAD-3/371/37-13. 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.