sebi:Order/MC/DS/2020-21/8354
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Facts / Headnote
Penalty of Rs.10,00,000 imposed on Mukesh Chauradiya under Section 15HA of SEBI Act
Provisions invoked
- s. 12A
- s. 15H
- s. 15J
- s. 15I(2)
- s. 376
Regulations
- Reg. 3(a)
- Reg. 30
Parties
- Mukesh Chauradiya
Holding
The Noticee violated Section 12A(a), (b), (c) of the SEBI Act read with Regulations 3(a), (b), (c), (d) and 4(1) of the PFUTP Regulations by assisting Arun Panchariya in the fraudulent Winsome GDR subscription scheme, and a monetary penalty of Rs.10,00,000 under Section 15HA was imposed.
Full text
Adjudication Order in respect of Mukesh Chauradiya in the matter of GDR issue of Winsome Yarns Ltd Page 2 of 17 SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication Order in respect of Mukesh Chauradiya in the matter of GDR issue of Winsome Yarns Ltd Page 3 of 17 9. The board of directors (‘Board/BOD’) of Winsome as on the date of its GDR Issue i.e. March 29, 2011 was as follows: Sl. No. Name of director Designation
Adjudication Order in respect of Mukesh Chauradiya in the matter of GDR issue of Winsome Yarns Ltd Page 4 of 17 availed by Vintage FZE. Winsome signed a Pledge Agreement dated March 22, 2011 with EURAM Bank.
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Source: SecMarx — sebi:Order/MC/DS/2020-21/8354. 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.