sebi:Order/GR/RK/2022-23/18189-18190
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Facts / Headnote
Violations established; penalty of Rs. 2,00,000 on Noticee No.1 and Rs. 1,00,000 on Noticee No.2 imposed under Section 15A(b) of SEBI Act, 1992
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 28A
Regulations
- Reg. 29
- Reg. 31
- Reg. 29(2)
- Reg. 7(2)(a)
- Reg. 7(2)(b)
- Reg. 201
- Reg. 19
- Reg. 31(1)
- Reg. 58
- Reg. 28(3)
- Reg. 8K
Parties
- Suresh Venkatachari
- 8K Miles Software Services Ltd (Presently SecureKloud Technologies Ltd)
Holding
Noticee No.1 violated Regulations 29(2) read with 29(3), 31(1), 31(2) read with 31(3) of SAST Regulations, 2011 and Regulation 7(2)(a) of PIT Regulations, 2015, and Noticee No.2 violated Regulation 7(2)(b) of PIT Regulations, 2015, and penalties of Rs.2,00,000 and Rs.1,00,000 respectively were imposed under Section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication order in the matter of 8K Miles Software Services Ltd. Page 2 of 28 However, wherever deemed necessary, reference has been made outside this period.
Adjudication order in the matter of 8K Miles Software Services Ltd. Page 3 of 28 adjudge under Section 15A(b) of the SEBI Act, 1992 for the aforesaid violation alleged to have been committed by the Noticees as specified in the SCN.
Adjudication order in the matter of 8K Miles Software Services Ltd. Page 4 of 28 amendments made therein, I, Suresh Venkatachari, shareholder or 8K Miles Software Services Limited, wish to inform you that 25,70,000 shares ,i.e.42% Equity Shares, have been wrongfully and illegally transferred through Off-Market transactions without my knowledge/consent.
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Source: SecMarx — sebi:Order/GR/RK/2022-23/18189-18190. 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.