sebi:Order/GR/PU/2022-23/17916-17923
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Proceedings against Noticee No. 5 abated without going into merits; violations of PIT Regulations and SAST Regulations disclosure requirements established against Noticee Nos. 1-4 and 6-8 attracting liability under Section 15A(b) of SEBI Act, 1992
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 13
- Reg. 3
- Reg. 13(1)
- Reg. 7
- Reg. 13(3)
- Reg. 29
- Reg. 2
- Reg. 5
- Reg. 6
- Reg. 13(4)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 8
- Reg. 30(1)
- Reg. 30(3)
- Reg. 30
- Reg. 30(2)
- Reg. 2(q)(2)
- Reg. 9
Parties
- Wave Inter Trades Pvt. Ltd.
- Embassy Finance & Consultants P Ltd
- Sulabh Impex Limited
Holding
Adjudication proceedings against Noticee No. 5 abate and do not survive. Noticee Nos. 1-4 and 6-8 failed to make, delayed or wrongly made required PIT and SAST disclosures for 2013-2014 acquisitions/disposals and are liable under Section 15A(b) of the SEBI Act, 1992.
Full text
__________________________________________________________________________________ Adjudication order against Wave Inter Trades Pvt. Ltd. and 7 others in the matter of Mishka Finance and Trading Ltd. Page 2 of 30
__________________________________________________________________________________ Adjudication order against Wave Inter Trades Pvt. Ltd. and 7 others in the matter of Mishka Finance and Trading Ltd. Page 3 of 30
__________________________________________________________________________________ Adjudication order against Wave Inter Trades Pvt. Ltd. and 7 others in the matter of Mishka Finance and Trading Ltd. Page 4 of 30
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Source: SecMarx — sebi:Order/GR/PU/2022-23/17916-17923. 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.