sebi:ORDER/SM/DD/2021-22/12180-12184
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Facts / Headnote
Penalty of Rs.5,00,000 imposed on Noticees jointly and severally under Section 15A(b) of SEBI Act for violation of Regulation 29(2) read with Regulation 29(3) of SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 11
- Reg. 10
- Reg. 29(1)
- Reg. 1
- Reg. 21
- Reg. 29(2)
- Reg. 29(3)
- Reg. 2(q)(2)
- Reg. 2(1)(q)(2)
- Reg. 2(1)(q)(1)
- Reg. 2(q)
Parties
- Ramakant Mangalchand Gagger
- Alaukik Mines & Power Pvt. Ltd.
- Garnet International Ltd
- Mangal Savitri Bizcon Pvt. Ltd.
- Suresh Gaggar
Holding
Noticees 1 to 5, acting as Persons Acting in Concert, violated Regulation 29(2) read with Regulation 29(3) of SAST Regulations on nine occasions and are jointly and severally liable to a monetary penalty of Rs.5,00,000 under Section 15A(b) of the SEBI Act.
Full text
___________________________________________________________________ Adjudication Order in the matter of Gini Silk Mills Limited Page 2 of 21
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___________________________________________________________________ Adjudication Order in the matter of Gini Silk Mills Limited Page 4 of 21
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Source: SecMarx — sebi:ORDER/SM/DD/2021-22/12180-12184. 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.