sebi:Order/AA/AR/2020-21/8690-8721
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Facts / Headnote
Penalties imposed under Sections 15HA and 15HB of the SEBI Act, 1992 totalling Rs. 22,39,00,000
Provisions invoked
- s. 11B
- s. 15A
- s. 15
- s. 12A
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 36
- Reg. 3
- Reg. 13
- Reg. 29(1)
- Reg. 14
- Reg. 12
- Reg. 47
- Reg. 7(3)
- Reg. 15
- Reg. 16
- Reg. 27
- Reg. 19
- Reg. 5
- Reg. 57
- Reg. 55
- Reg. 57(1)
- Reg. 2
- Reg. 6
- Reg. 18
- Reg. 64(1)
Holding
RKDL, its directors, BRLM Comfort Securities Ltd and its directors, and connected entities were held to have committed fraud by siphoning Rs. 33.83 crore out of Rs. 73.60 crore IPO proceeds through layered transactions, and penalties under Sections 15HA and 15HB totalling Rs. 22,39,00,000 were imposed.
Full text
___________________________________________________________________ Adjudication Order in the matter of Ravi Kumar Distilleries Ltd Page 2 of 135
___________________________________________________________________ Adjudication Order in the matter of Ravi Kumar Distilleries Ltd Page 3 of 135
___________________________________________________________________ Adjudication Order in the matter of Ravi Kumar Distilleries Ltd Page 4 of 135
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Source: SecMarx — sebi:Order/AA/AR/2020-21/8690-8721. 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.