sebi:Order/MC/VS/2021-22/13247
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Facts / Headnote
Adjudication proceedings initiated against the Noticee vide SCN dated December 2, 2020 are disposed of; allegations not established.
Provisions invoked
- s. 13
- s. 16
- s. 18
- s. 23
- s. 23H
- s. 29A
- s. 17
Parties
- Sukhen Pal Babuta
Holding
The allegations against the Noticee of violating Section 16 of the SCRA read with SEBI Notification S.O. 184(E) dated March 01, 2000, and Sections 13 and 18 read with Section 2(i) of the SCRA were not established, and the adjudication proceedings were disposed of without penalty.
Full text
Adjudication Order in respect of Sukhen Pal Babuta in the matter of Golden Legand Leasing and Finance Ltd. Page 2 of 13 Limited (hereinafter referred to as "GLLFL" or "the company") during the period from January 01, 2013 to March 31, 2014 (“investigation period” or “the relevant period”).
Adjudication Order in respect of Sukhen Pal Babuta in the matter of Golden Legand Leasing and Finance Ltd. Page 3 of 13 Golden Legand Leasing & Finance Limited (hereinafter referred to as "GLLFL" or "the company") during the investigation period from January 01, 2013 to March 31,
Adjudication Order in respect of Sukhen Pal Babuta in the matter of Golden Legand Leasing and Finance Ltd. Page 4 of 13 13. SCPL transferred 40,000 shares to the accounts of the Noticee. Details of the off- market transfer of 40,000 shares of GLLFL by SCPL to the Noticee are given below:-
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Source: SecMarx — sebi:Order/MC/VS/2021-22/13247. 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.