sebi:Order/GR/RK/2021-22/12716-12718
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
All three Noticees held liable for violations; monetary penalty of Rs. 11,00,000 each (Rs. 5,00,000 under Section 15HA + Rs. 2,00,000 under Section 15HB + Rs. 4,00,000 under Section 23E implied) imposed, payable within 45 days
Provisions invoked
- s. 15
- s. 12A
- s. 21
- s. 15H
- s. 15J
- s. 12
- s. 28A
- s. 4A
- s. 23
- s. 23E
Regulations
- Reg. 4
- Reg. 3
- Reg. 12(1)
- Reg. 199
- Reg. 12
- Reg. 3(a)
- Reg. 12(2)
- Reg. 12(3)
Parties
- Shri Pankaj Kumar
- Shri Prashant Mulekar
- Shri Kiran Kulkarni
Holding
The Adjudicating Officer held Shri Pankaj Kumar, Shri Prashant Mulekar and Shri Kiran Kulkarni, promoter-directors of M/s Geodesic Limited, liable for fraudulent misleading buy-back and dividend announcements and for disclosure and corporate governance violations, and imposed Rs. 11,00,000 penalty on each Noticee.
Full text
Adjudication Order in respect of Shri Pankaj Kumar, Shri Prashant Mulekar and Shri Kiran Kulkarni in the matter of M/s Geodesic Limited
Adjudication Order in respect of Shri Pankaj Kumar, Shri Prashant Mulekar and Shri Kiran Kulkarni in the matter of M/s Geodesic Limited
Adjudication Order in respect of Shri Pankaj Kumar, Shri Prashant Mulekar and Shri Kiran Kulkarni in the matter of M/s Geodesic Limited
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.
Source: SecMarx — sebi:Order/GR/RK/2021-22/12716-12718. 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.