sebi:Order/MC/HP/2021-22/15592
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Facts / Headnote
Penalty imposed on Noticee for non-compliance with SEBI order dated June 07, 2016
Provisions invoked
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 11
- Reg. 3(a)
Parties
- Kanaiyalal Baldevbhai Patel
Holding
The Noticee is in non-compliance with the directions issued under SEBI Order dated June 07, 2016 and is liable for a monetary penalty of Rs. 10,00,000/- under Section 15HB of the SEBI Act.
Full text
Adjudication Order in the matter of Passport India Investment (Mauritius) Limited Page 2 of 12 undersigned was appointed as Adjudicating Officer (hereinafter referred to as “AO”) vide an order dated May 10, 2018.
Adjudication Order in the matter of Passport India Investment (Mauritius) Limited Page 3 of 12 restrained from accessing the securities market and prohibited from buying, selling or dealing in securities, directly or indirectly, for a period of 5 years.
Adjudication Order in the matter of Passport India Investment (Mauritius) Limited Page 4 of 12 7. The aforesaid alleged violations, if established, make the Noticee liable for monetary penalty under Section 15HB of the SEBI Act.
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Source: SecMarx — sebi:Order/MC/HP/2021-22/15592. 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.