sebi:Order/MC/VS/2021-22/15736-15762
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Provisions invoked
- s. 15
- s. 15H
- s. 27
- s. 173(2)
- s. 15J
- s. 372
- s. 173
- s. 27(1)
- s. 23E
- s. 23
- s. 45
- s. 149(12)
Regulations
- Reg. 3
- Reg. 3(a)
- Reg. 3(b)
- Reg. 30
- Reg. 32
- Reg. 113
Holding
The directors of Tirupati Fincorp Ltd. (Noticees 1-15) were alleged to have violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(f) of the PFUTP Regulations in connection with a preferential allotment of equity shares. The order also notes alleged violation of Regulation 30 of the LODR Regulations for suppressing material information regarding regulatory actions initiated by the RBI.
Full text
Adjudication Order in respect of Sudhir Bhikhalal Parekh and 26 others in the matter of Tirupati Fincorp Ltd. Page 2 of 58
Adjudication Order in respect of Sudhir Bhikhalal Parekh and 26 others in the matter of Tirupati Fincorp Ltd. Page 3 of 58
Adjudication Order in respect of Sudhir Bhikhalal Parekh and 26 others in the matter of Tirupati Fincorp Ltd. Page 4 of 58
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