sebi:Order/AS/2021-22/14407
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Facts / Headnote
Adjudication proceedings initiated vide SCNs dated March 18, 2010 and July 02, 2021 disposed of as not maintainable against dissolved company
Provisions invoked
- s. 15A
- s. 15
- s. 248
- s. 560
Regulations
- Reg. 4
- Reg. 7(1)
- Reg. 13(1)
- Reg. 10
Parties
- Right Finstock Private Ltd.
Holding
The adjudication proceedings initiated against Right Finstock Pvt. Ltd. vide SCNs dated March 18, 2010 and July 02, 2021 cannot be proceeded with and are disposed of because the Noticee was struck off from the Register of Companies and dissolved on October 25, 2017.
Full text
Page 2 of 7 India Act, 1992 (hereinafter referred to as “Act”) and various Rules and Regulations made thereunder for the period from October 06, 2003 to January 28, 2004 (hereinafter referred to as "investigation period").
Page 3 of 7 Rules, 1995 (hereinafter referred to as the “Adjudicating Rules‟) to the Noticee to show cause as to why an inquiry should not be held against him and
Page 4 of 7 removed by Registrar of Companies (ROC), Gujarat and Dadra Nagar Haveli and name of the company Right Finstock Pvt. Ltd has been struck off from ROC Gujarat. Therefore, it was requested that the proceeding against the Noticee should be abated against the Noticee, which is not existing as on date.
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Source: SecMarx — sebi:Order/AS/2021-22/14407. 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.