sebi:Order/MC/RM/2022-23/18767-18786
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Noticees 1 to 5 and Noticee 6; allegations against Noticees 7 to 20 regarding routing of funds not sustained
Provisions invoked
- s. 15A
- s. 15
- s. 12A
- s. 15H
- s. 15I
- s. 15J
- s. 21
- s. 23J
- s. 23
- s. 23E
- s. 23H
- s. 24
- s. 67(2)
Regulations
- Reg. 13
- Reg. 3
- Reg. 199
- Reg. 200
- Reg. 3(a)
- Reg. 13(5)
- Reg. 12
Parties
- Noticee-1 to Noticee-5 (including Presilco Impex Ltd., Pari Stock Trading Pvt. Ltd., Amrutlal Jivandas Gandhi, and others)
- Atlanta Infrastructure and Finance Ltd. (Noticee-6)
- Noticee-7 to Noticee-20
Holding
Noticees 1 to 5 were held liable for failing to disclose changes in shareholding within two working days as required under Regulation 13(4A) read with 13(5) of PIT Regulations, 1992, and Noticee 6 (Atlanta Infrastructure and Finance Ltd.) was held liable for violation of Section 21 of SC(R)A read with clause 35 of the Listing Agreement for submitting a wrong shareholding pattern. The allegations of fraudulent routing of funds through Noticees 7 to 20 for preferential allotment were not sustained due to insufficient material on record.
Full text
Adjudication Order in the matter of Atlanta Infrastructure and Finance Ltd. Page 2 of 53 7. Presilco Impex Ltd. (PAN: AACCP4844L) having address at 822, Star Chambers, Harihar Chowk, Sadar Bazar, Rajkot, Gujarat – 360001
Adjudication Order in the matter of Atlanta Infrastructure and Finance Ltd. Page 3 of 53 (i) 822, Star Chambers, Harihar Chowk, Rajkot, Gujarat – 360001 (ii) Ground Floor, ‘Gandhi House’, Kotecha Chowk, Behind Swami Vivekananda Statue, 1 Santi Niketan Soc., Rajkot, Gujarat -360005 17)
Adjudication Order in the matter of Atlanta Infrastructure and Finance Ltd. Page 4 of 53 1992”) read with Regulation 12 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as “PIT Regulations, 2015”).
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/MC/RM/2022-23/18767-18786. 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.