sebi:Order/SM/S./2023-24/27769
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Facts / Headnote
Adjudication proceedings disposed of without penalty as not maintainable
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 248
- s. 560
Regulations
- Reg. 4(1)
- Reg. 3(a)
Parties
- Galaxy Enterprises Private Limited
Holding
The adjudication proceedings initiated against Galaxy Enterprises Private Limited vide SCN dated August 08, 2022 are disposed of and cannot be proceeded with because the Noticee was already struck off and dissolved and was not in existence on the date of the SCN.
Full text
___________________________________________________________________________ Adjudication order in respect of Galaxy Enterprises Private Limited in the matter of Illiquid Stock Options at BSE Page 2 of 4
___________________________________________________________________________ Adjudication order in respect of Galaxy Enterprises Private Limited in the matter of Illiquid Stock Options at BSE Page 3 of 4
___________________________________________________________________________ Adjudication order in respect of Galaxy Enterprises 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./2023-24/27769. 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.