sebi:Order/KS/AS/2021-22/12457-12472

SEBI · SEBI · 2013-10-03 · K Saravanan, Adjudicating Officer

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Provisions invoked

Regulations

Holding

The order records alleged violations of Section 2(i) read with Sections 13, 16 and 18 of the SCRA, 1956 (read with SEBI Notification dated October 03, 2013) by the Noticees in respect of off-market transfers of Timbor Home Ltd shares, and issues a show-cause notice under Section 15A(a) of the SEBI Act, 1992 for alleged violations of Section 11C(3) read with Sections 11(2) and 11(3). No final adjudication or penalty determination is stated in the excerpt provided.

Full text

Adjudication order in the matter of Timbor Home Ltd Page 2 of 92 15 Sushma Rani ADHPR4637A 16 Soni Krupa Sanjay BVSPS9740P

Adjudication order in the matter of Timbor Home Ltd Page 3 of 92 2005 (hereinafter referred to as Adjudication Rules, 2005) to inquire and adjudge under Section 23H of the SCRA, 1956 the alleged violations of Section 2(i) read with Section 13, 16 and 18 of the SCRA, 1956, read with SEBI Notification No. LAD-NRO/GN/2013-14/26/6667 dated October 03, 2013 by Anant Sureshchandra Maloo (ACSPM2958D), Dipali Nilay Patel (AHSPP7976M), Gagabhai Desai Amul (AHDPD3526G), Hettich India Pvt Limited (AAACH8849M), Jatin Natvarlal Parekh (ACGPP9135R),Mahesh Somabhai Desai (AMGPD0183P), Maloo Building Materials Pvt Ltd. (AABCM0619D), Manan Vidhyapati Patel (AFJPP0452P), Mukesh Himatlal Shah (ACAPS7083B), Nimish Pankajkumar Shah (AVXPS8823M), Nina Ajay Maloo (AJXPM3547Q), Paresh Nathalal Chauhan (AAPPC4494H), Sanjay Jethalal Soni HUF (AAWHS0331J), Soni Krupa Sanjay (BVSPS9740P), Sanjay Jethalal Soni (BVSPS9741N) and Sushma Rani (ADHPR4637A) (hereinafter collectively referred to as Noticees/ You), and

Adjudication order in the matter of Timbor Home Ltd Page 4 of 92 of the SEBI Act, 1992 to show-cause as to why an inquiry should not be initiated and penalty be not imposed under Section 15A(a) for the alleged violations of Section 11C (3) read with Section 11(2) and 11(3) of the SEBI Act, 1992. I note that adjudication proceedings against Rakesh Patel and Krishna Kumar Periwal, who were also served SCN in the matter, have been disposed of vide adjudication orders dated April 26, 2021 (Adjudication Order no Order/KS/AS/2021-22/11422) and June 25, 2021 (Adjudication Order no Order/KS/AS/2021-22/12328) respectively. The SCN is summarized below:

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Source: SecMarx — sebi:Order/KS/AS/2021-22/12457-12472. 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.