sebi:ORDER/SM/DD/2021-22/12454-12455
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Facts / Headnote
Penalty of Rs. 2,00,000 imposed jointly and severally on Noticees under Section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 28A
- s. 149(6)
Regulations
- Reg. 57
- Reg. 57(1)
- Reg. 200
- Reg. 57(2)(a)
- Reg. 57(2)
Parties
- ICL Multitrading India Ltd.
- Mr. Roop Kishore Gola
Holding
Noticee No.1 and Noticee No.2 violated Regulation 57(1) of the ICDR Regulations and Noticee No.2 violated Clause 2(XVI)(B)(2) of Part A of Schedule VIII read with Regulation 57(2)(a) for incorrect and misleading disclosures in the Prospectus dated November 10, 2018, and are liable to monetary penalty under Section 15HB of the SEBI Act.
Full text
___________________________________________________________________ Adjudication Order in the matter of ICL Multitrading India Ltd. Page 2 of 18
___________________________________________________________________ Adjudication Order in the matter of ICL Multitrading India Ltd. Page 3 of 18
___________________________________________________________________ Adjudication Order in the matter of ICL Multitrading India Ltd. Page 4 of 18
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Source: SecMarx — sebi:ORDER/SM/DD/2021-22/12454-12455. 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.