sebi:ORDER/BM/DS/2021-22/14889-14891
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Facts / Headnote
Violations established; penalty of INR 9,00,000 each imposed on three noticees under Section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 28A
Regulations
- Reg. 13
- Reg. 13(6)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
Parties
- Mr. Bipin C Gadhiya
- Mr. Nilesh Kava
- Mr. Govind Senma
Holding
The Noticees, being promoters of Presha Metallurgical Limited, violated Regulation 13(4A) read with 13(5) of SEBI PIT Regulations, 1992 and Regulation 29(2) read with 29(3) of SEBI SAST Regulations, 2011 by failing to disclose sale of entire shareholding. Penalty of Rs. 9,00,000 each was imposed under Section 15A(b) of SEBI Act.
Full text
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Source: SecMarx — sebi:ORDER/BM/DS/2021-22/14889-14891. 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.