sebi:ORDER/BM/DS/2021-22/15463
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Facts / Headnote
Show Cause Notice disposed of without imposition of penalty
Provisions invoked
- s. 15A
- s. 15
- s. 12A
- s. 12
- s. 15J
- s. 11C(6)
- s. 11C(3)
- s. 105
Parties
- Shri. Harshvardhan Singh Rathore
Holding
The Noticee, an Independent Director of Maars Software International Limited, was held not to have violated Section 11C(3) read with Section 11C(6) of the SEBI Act, 1992, and no penalty was imposed under Section 15A(a).
Full text
___________________________________________________________________ Adjudication Order in the matter of GDR Issue of Maars Software International Limited Page 2 of 19
___________________________________________________________________ Adjudication Order in the matter of GDR Issue of Maars Software International Limited Page 3 of 19
___________________________________________________________________ Adjudication Order in the matter of GDR Issue of Maars Software International Limited Page 4 of 19
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Source: SecMarx — sebi:ORDER/BM/DS/2021-22/15463. 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.