sebi:Order/SBM/KL/2021-22/13601
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Facts / Headnote
Adjudication proceedings disposed of; SCN dated May 24, 2021 disposed of
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 233
Regulations
- Reg. 4(1)
- Reg. 3(a)
Parties
- Aardee Multitrade Private Limited
Holding
The adjudication proceedings against Aardee Multitrade Private Limited were disposed of without penalty because the Noticee had ceased to exist as a separate legal entity w.e.f. April 01, 2017 by virtue of a scheme of amalgamation, and was not in existence when the adjudication proceedings were initiated on May 24, 2021.
Full text
_____________________________________________________________________________ Adjudication order in respect of Aardee Multitrade Private Limited in the matter of Illiquid Stock Options at BSE Page 2 of 5
_____________________________________________________________________________ Adjudication order in respect of Aardee Multitrade Private Limited in the matter of Illiquid Stock Options at BSE Page 3 of 5
_____________________________________________________________________________ Adjudication order in respect of Aardee Multitrade Private Limited in the matter of Illiquid Stock Options at BSE Page 4 of 5
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Source: SecMarx — sebi:Order/SBM/KL/2021-22/13601. 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.