sebi:Order/SM/DD/2021-22/14428-14429
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Facts / Headnote
Noticees held liable for violation and penalty of Rs.1,00,000 each imposed under Section 23H of SCRA
Provisions invoked
- s. 15A
- s. 13
- s. 16
- s. 28A
- s. 18
- s. 23
- s. 23H
- s. 29A
- s. 23J
- s. 28
Parties
- Hetalben Chandrakant Dhruv
- Radhika Chandrakant Dhruv
Holding
Noticees violated Section 16 of SCRA read with SEBI Notification G.S.R 219(E) dated October 3, 2013, Sections 13 and 18 of SCRA read with Section 2(i) of SCRA by entering into off-market transfers that were not spot delivery contracts. Penalty of Rs.1,00,000 each was imposed on Hetalben Chandrakant Dhruv and Radhika Chandrakant Dhruv under Section 23H of SCRA.
Full text
___________________________________________________________________ Adjudication Order in the matter of Kalpa Commercial Limited Page 2 of 14
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Source: SecMarx — sebi:Order/SM/DD/2021-22/14428-14429. 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.