sebi:Order/GG/VP/2022-23/16824-16837
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalties imposed for violations of Regulation 3(2) r/w 13(2) and Regulation 29(1)/29(2) r/w 29(3); charge under Regulation 30(2) r/w 30(3) against Noticee Nos. 1 to 5 dropped
Provisions invoked
- s. 15A
- s. 15
- s. 15H
Regulations
- Reg. 13(2)
- Reg. 11
- Reg. 29(1)
- Reg. 29
- Reg. 29(2)
- Reg. 29(3)
- Reg. 30(3)
- Reg. 30(2)
- Reg. 201
- Reg. 3(2)
- Reg. 200
- Reg. 108
Holding
Noticee Nos. 1 to 4 violated Regulation 3(2) read with Regulation 13(2) and Regulations 29(1)/29(2) read with Regulation 29(3), and Noticee Nos. 6 to 13 violated Regulation 29(1) read with Regulation 29(3), attracting monetary penalties totaling Rs.20 lakh; the Regulation 30(2) charge against Noticee Nos. 1 to 5 was dropped.
Full text
__________________________________________________________________________________________ Adjudication order in the matter of Art Nirman Limited Page 2 of 17
__________________________________________________________________________________________ Adjudication order in the matter of Art Nirman Limited Page 3 of 17
__________________________________________________________________________________________ Adjudication order in the matter of Art Nirman Limited Page 4 of 17
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Source: SecMarx — sebi:Order/GG/VP/2022-23/16824-16837. 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.