sebi:Order/SM/KH/2023-24/26113
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated August 04, 2022 disposed of without penalty as not maintainable and cannot be proceeded with
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 248
- s. 560
Regulations
- Reg. 4(1)
- Reg. 3(a)
Parties
- Ujjwal Cloth Marketing Private Limited
Holding
The adjudication proceedings against Ujjwal Cloth Marketing Private Limited initiated vide SCN dated August 04, 2022 are disposed of as they cannot be proceeded with because the Noticee had already been struck off and dissolved before the SCN was issued.
Full text
___________________________________________________________________________ Adjudication order in respect of Ujjwal Cloth Marketing Private Limited in the matter of Illiquid Stock Options at BSE Page 2 of 4
___________________________________________________________________________ Adjudication order in respect of Ujjwal Cloth Marketing Private Limited in the matter of Illiquid Stock Options at BSE Page 3 of 4
___________________________________________________________________________ Adjudication order in respect of Ujjwal Cloth Marketing Private Limited in the matter of Illiquid Stock Options at BSE Page 4 of 4
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Source: SecMarx — sebi:Order/SM/KH/2023-24/26113. 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.