sebi:Order/SM/S./2022-23/24960
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Facts / Headnote
Adjudication proceedings disposed of without penalty - 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
- Swito Finance & Estates Private Limited
Holding
The adjudication proceedings initiated against Swito Finance & Estates Private Limited vide SCN dated August 08, 2022 were disposed of without any penalty because the Noticee had already been struck off and dissolved before the SCN and proceedings against a non-existent company cannot be proceeded with.
Full text
___________________________________________________________________________ Adjudication order in respect of Swito Finance & Estates Private Limited in the matter of Illiquid Stock Options at BSE Page 2 of 4
___________________________________________________________________________ Adjudication order in respect of Swito Finance & Estates Private Limited in the matter of Illiquid Stock Options at BSE Page 3 of 4
___________________________________________________________________________ Adjudication order in respect of Swito Finance & Estates Private Limited in the matter of Illiquid Stock Options at BSE Page 4 of 4
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Source: SecMarx — sebi:Order/SM/S./2022-23/24960. 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.