sebi:Order/GR/HK/2023-24/28336
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Facts / Headnote
Violation of Section 12A(a), (b), (c) of SEBI Act, 1992 read with Regulations 3(a), (b), (c), (d) and 4(1) of SEBI (PFUTP) Regulations, 2003 established; penalty imposed under Section 15HA
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
- s. 15J
- s. 28A
- s. 376
Regulations
- Reg. 2(c)
- Reg. 3
- Reg. 200
- Reg. 3(a)
Parties
- Arun Panchariya
Holding
The Noticee, Arun Panchariya, was found to have violated Section 12A(a), (b), (c) of the SEBI Act, 1992 read with Regulations 3(a), (b), (c), (d) and 4(1) of the SEBI (PFUTP) Regulations, 2003 by devising a fraudulent GDR issue scheme in connivance with Southern Ispat and Energy Ltd. (SIEL), and was held liable for penalty under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Arun Panchariya in the matter of disclosures by Southern Ispat and Energy Ltd. in respect of its GDR issue P a g e 2 | 49
Adjudication Order in respect of Arun Panchariya in the matter of disclosures by Southern Ispat and Energy Ltd. in respect of its GDR issue P a g e 3 | 49
Adjudication Order in respect of Arun Panchariya in the matter of disclosures by Southern Ispat and Energy Ltd. in respect of its GDR issue P a g e 4 | 49
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Source: SecMarx — sebi:Order/GR/HK/2023-24/28336. 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.