sebi:Order/PB/2021-22/11613-11626
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Facts / Headnote
Adjudication proceedings disposed of without imposition of any monetary penalty; violation not established.
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 11
- Reg. 11(1)
- Reg. 7(2)
- Reg. 11(2)
- Reg. 11o
Holding
The Noticees did not violate regulation 7(1A) read with regulation 7(2) of the SAST Regulations, and the adjudication proceedings were disposed of without imposition of any monetary penalty.
Full text
Adjudication order in the matter of Starcom Information Technology Limited Page 2 of 10 of Rs. 10/- each payable in cash, representing 20% of the total paid up equity share capital/voting capital of Starcom Information Technology Limited (hereinafter referred to as “Starcom / Target Company”). Chartered Capital and Investment Limited was the Manager to the said offer.
Adjudication order in the matter of Starcom Information Technology Limited Page 3 of 10 under Section 15 A (b) of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”)
Adjudication order in the matter of Starcom Information Technology Limited Page 4 of 10 Ramgopal Textiles Limited, M/s Ramgopal Investment & Trading Co. Limited, M/s Ramgopal Synthetics Limited and M/s Tarapore Vastra Udyog Private Limited were returned undelivered. The new addresses of the said noticees were obtained. Vide common letter dated January 13, 2021, the SCN dated December 29, 2017 was resent to the new addresses of the said Noticees.
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Source: SecMarx — sebi:Order/PB/2021-22/11613-11626. 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.