sebi:Order/JS/DJ/2019-20/3493-3494
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings concluded; order passed by Adjudicating Officer Jeevan Sonparote at Mumbai. Specific penalty quantum not visible in the provided excerpt.
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15H
- s. 15G
- s. 15J
- s. 307
- s. 11C
- s. 12
- s. 4A
- s. 23
- s. 11C(1)
- s. 454
- s. 14G
Regulations
- Reg. 13
- Reg. 13(4)
- Reg. 12(1)
- Reg. 3
- Reg. 12
- Reg. 199
- Reg. 2
- Reg. 3(i)
- Reg. 4
- Reg. 2(e)
- Reg. 31
- Reg. 13(5)
- Reg. 201
- Reg. 31(1)
- Reg. 31(2)
- Reg. 2(h)
- Reg. 31(3)
- Reg. 12(3)
- Reg. 2(c)(i)
Parties
- Kalpesh Maendrabhai Patel
- Binitaben Kalpesh Patel
Holding
The Adjudicating Officer found KMP in violation of Regulation 13(4) and 13(4A) read with 13(5) of PIT Regulations, 1992 for failure to disclose change in shareholding, and found BKP failed to make disclosures of pledge creation/invocation/closure to Stock Exchanges as required. The order also addressed alleged violations of pre-clearance, trading window closure, and reverse transaction provisions of the Model Code.
Full text
Adjudication Order in respect of Kalpesh Maendrabhai Patel and Binitaben Kalpesh Patel in the matter of Kemrock Industries and Exports Ltd
Adjudication Order in respect of Kalpesh Maendrabhai Patel and Binitaben Kalpesh Patel in the matter of Kemrock Industries and Exports Ltd
Adjudication Order in respect of Kalpesh Maendrabhai Patel and Binitaben Kalpesh Patel in the matter of Kemrock Industries and Exports Ltd
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/JS/DJ/2019-20/3493-3494. 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.