sebi:ORDER/SM/AD/2021-22/14762
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Facts / Headnote
Penalty imposed on Noticee for violation of NCRPS Regulations
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 73
- s. 15J
- s. 15F
- s. 28A
- s. 4A
- s. 15I(1)
- s. 67(3)
- s. 67
Regulations
- Reg. 4
- Reg. 5
- Reg. 4(2)(a)
- Reg. 67(3)
Parties
- Jagruti Sugar & Allied Industries Limited
Holding
The Adjudicating Officer held that Jagruti Sugar & Allied Industries Limited violated Regulations 4(2)(a), 4(2)(b), 4(2)(c), 4(2)(d), 5, 6, 7, 8, 9, 13, 15, 16, 16B(1) and 22 of the NCRPS Regulations by making a public issue of non-convertible redeemable preference shares to more than 49 investors without complying with the applicable regulations, and imposed a penalty of Rs. 7,00,000 under Section 15HB of the SEBI Act.
Full text
__________________________________________________________________________ In the matter of Jagruti Sugar and Allied Industries Limited 2 | P a g e
__________________________________________________________________________ In the matter of Jagruti Sugar and Allied Industries Limited 3 | P a g e
__________________________________________________________________________ In the matter of Jagruti Sugar and Allied Industries Limited 4 | P a g e
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Source: SecMarx — sebi:ORDER/SM/AD/2021-22/14762. 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.