sebi:Order/MC/VS/2020-21/10189
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated January 23, 2020 disposed of without penalty
Provisions invoked
- s. 15A
- s. 15
- s. 12
Regulations
- Reg. 3
Parties
- Mausumi Pyne
Holding
The allegation that Mausumi Pyne violated Section 12A(a), (b), (c) of the SEBI Act read with Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a), (e) of the PFUTP Regulations was held not established, and the adjudication proceedings were disposed of without penalty.
Full text
Adjudication Order in respect of Mausumi Pyne in the matter of Pincon Lifestyle Ltd. Page 2 of 16 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Mausumi Pyne in the matter of Pincon Lifestyle Ltd. Page 3 of 16 9. During the course of investigation, it was observed that Pincon had made an allotment of 3 crore shares to 21 preferential allottees (including its promoter Lucky Commosales Pvt. Ltd., one of the promoters of Pincon). Based on UCC data from BSE, off- market transaction details from NSDL, CDSL and physical share transaction data received from RTA of Pincon, it was observed that 20 allottees out of the aforesaid 21 preferential allottees were connected to Pincon.
Adjudication Order in respect of Mausumi Pyne in the matter of Pincon Lifestyle Ltd. Page 4 of 16 (Source: BSE website) Period Dates
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Source: SecMarx — sebi:Order/MC/VS/2020-21/10189. 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.