sebi:Order/MC/HP/2021-22/11533
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Facts / Headnote
Proceedings against the Noticee disposed of without imposition of penalty; SCN not established
Provisions invoked
- s. 11B
- s. 15
- s. 11(1)
- s. 12A
- s. 15H
- s. 292
- s. 15J
- s. 372
- s. 141
- s. 4A
- s. 149(12)
- s. 184
- s. 149
- s. 372A(2)
- s. 372A
Regulations
- Reg. 4
- Reg. 3(a)
- Reg. 8(1)
Parties
- B M Khanna
Holding
The Adjudication Proceedings initiated against B.M. Khanna, a non-executive independent director of Winsome Yarns Ltd., vide SCN dated September 11, 2019, are not established, and the proceedings are disposed of without imposition of any penalty.
Full text
Adjudication Order in respect of B M Khanna in the matter of GDR issue of Winsome Yarns Ltd. Page 2 of 33 Noticee. The appointment of the AO was communicated vide order dated March 28, 2019.
Adjudication Order in respect of B M Khanna in the matter of GDR issue of Winsome Yarns Ltd. Page 3 of 33 8. Winsome Yarns FZE (‘WINSOME FZE’) was incorporated in U.A.E. on July 11, 2011 as a wholly owned subsidiary of Winsome Yarns (Cyprus) Limited, which was a wholly owned subsidiary of Winsome. WINSOME FZE was declared defunct with effect from April 01, 2014.
Adjudication Order in respect of B M Khanna in the matter of GDR issue of Winsome Yarns Ltd. Page 4 of 33 Other Corporate purposes
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Source: SecMarx — sebi:Order/MC/HP/2021-22/11533. 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.