sebi:ORDER/SM/DD/2021-22/12259-12260
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Facts / Headnote
Penalty of Rs. 5,00,000 each imposed on Noticee 1 and Noticee 2; matter decided ex parte
Provisions invoked
- s. 15
- s. 12A
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- M/s. N P Enterprise (Proprietor - Narendra Sanghvi)
- M/s. Laxmi Trading (Proprietor - Malti Sanghvi)
Holding
The Noticees were held to have violated Regulations 3(a), (b), (c), (d) and 4(1) of the PFUTP Regulations read with Section 12A(a), (b) & (c) of the SEBI Act and a monetary penalty of Rs. 5,00,000 each was imposed on them under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of M/s. N.P. Enterprises- proprietor Narendra Sanghvi and M/s Laxmi Trading proprietor- Malti Sanghvi in the matter of Birla Pacific Medspa Limited Page 2 of 11
Adjudication Order in respect of M/s. N.P. Enterprises- proprietor Narendra Sanghvi and M/s Laxmi Trading proprietor- Malti Sanghvi in the matter of Birla Pacific Medspa Limited Page 3 of 11
Adjudication Order in respect of M/s. N.P. Enterprises- proprietor Narendra Sanghvi and M/s Laxmi Trading proprietor- Malti Sanghvi in the matter of Birla Pacific Medspa Limited Page 4 of 11
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Source: SecMarx — sebi:ORDER/SM/DD/2021-22/12259-12260. 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.