sebi:Order/GR/PU/2022-23/18085-18089

SEBI · SEBI · 2019-04-26 · G. Ramar, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Charge under Regulation 13(1) of PIT Regulations dropped; violation of Regulation 29(1) read with 29(3) of SAST Regulations held established; joint and several penalty of INR 1,00,000 imposed under Section 15A(b) of SEBI Act, 1992

Provisions invoked

s. 15A
s. 15
s. 19
s. 15J
s. 11C
s. 28A

Regulations relied on

SEBI (PIT) Regulations, 1992 — 13(1)
SEBI (SAST) Regulations, 2011 — 29(1)

Parties

Ritu Singal
Brij Bhushan Singal
Brij Bhushan Singal HUF
Neeraj Singal
Neeraj Singal HUF

Holding

The Noticees as persons acting in concert violated Regulation 29(1) read with 29(3) of SAST Regulations by failing to disclose their aggregate 15.24% acquisition within time, while the charge under Regulation 13(1) of PIT Regulations was dropped. A joint and several monetary penalty of Rs. 1,00,000 under Section 15A(b) of SEBI Act was imposed.

Full text

__________________________________________________________________________________ Adjudication order against Ritu Singhal and 4 others in the matter of Mishka Finance and Trading Pvt. Ltd. Page 2 of 11

You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.

Free accounts include 10 searches/day with full order access.

Analyse this matter in Ontology · Plans

Source: SecMarx — sebi:Order/GR/PU/2022-23/18085-18089. 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.