sebi:ORDER/SR/2020-21/8886-8927/97-138
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Facts / Headnote
Monetary penalty imposed only on Noticee Nos. 1 to 11 and 42 under Section 15HA jointly and severally for Rs. 18,00,000; additional penalty of Rs. 2,00,000 imposed on Noticee No. 42 under Section 15A(b); no monetary penalty on Noticee Nos. 12 to 41.
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 11C
- s. 15I(1)
Regulations
- Reg. 3
- Reg. 13
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 4(a)
- Reg. 13(1)
- Reg. 13(3)
- Reg. 3(a)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 4(2)(a)
- Reg. 29
- Reg. 201
- Reg. 29(1)
- Reg. 4(2)(g)
- Reg. 12(2)
Holding
Noticee Nos. 1 to 11 and 42 violated PFUTP Regulations 3 and 4 by creating artificial volume and are jointly and severally liable for Rs. 18 lacs under Section 15HA; Noticee No. 42 additionally violated PIT and SAST disclosure provisions and is liable for Rs. 2 lacs under Section 15A(b).
Full text
Adjudication Order in respect of various entities in the matter of Finalysis Credit & Guarantee Company Ltd Page 2 of 75 SEBI-REGULATORY 16 Parita Mit Moradia AXQPM8716N
Adjudication Order in respect of various entities in the matter of Finalysis Credit & Guarantee Company Ltd Page 3 of 75 SEBI-REGULATORY 35 Chanda Bhagaram Mali ADSPM1176A
Adjudication Order in respect of various entities in the matter of Finalysis Credit & Guarantee Company Ltd Page 4 of 75 SEBI-REGULATORY Regulations’) and Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as ‘SAST Regulations’).
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Source: SecMarx — sebi:ORDER/SR/2020-21/8886-8927/97-138. 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.