sebi:Order/PB/PP/2021-22/13171
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated March 08, 2018 disposed of without penalty as not maintainable
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 248
- s. 560
Regulations
- Reg. 3(a)
Parties
- Core Capital Services Ltd.
Holding
The adjudication proceedings initiated against Core Capital Services Ltd. vide SCN dated March 08, 2018 cannot be proceeded with and are disposed of because the Noticee was already struck off and dissolved.
Full text
Page 2 of 5 proceedings was initiated against the Noticee and 18 other entities under section 15HA of SEBI Act for the alleged violations of the aforementioned provisions SEBI Act and PFUTP Regulations.
Page 3 of 5 1 Core Capital Services Ltd. Axis Bank- 911020041813884 Core Capital Services Ltd had receievd Rs. 101 lacs from AMS Powertronic Pvt. Ltd.* and further it had paid Rs. 60 lacs for ASBA application. It had given fund of Rs. 1.50 lacs each to 2 retail allottees for making application in IPO of ECO. (2 allottees got allotment) * Sumit Kumar is common Director in AMS Powertronic Pvt. Ltd. and Core Capital Services Ltd. AMS Powertronic Pvt. Ltd. had fund movement with ECO.
Page 4 of 5 downloaded from the Ministry of Corporate Affairs (MCA), Government of India, (www.mca.gov.in) website inter alia, mentioned the following: “…..Notice is hereby published that pursuant to sub-section (5) of Section 248 of the Companies Act, 2013 the name of the Companies as specified in Annexure “A” have this day i.e. 21st day of August 2017 been struck off the register of companies and the said Companies are dissolved.”
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Source: SecMarx — sebi:Order/PB/PP/2021-22/13171. 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.