sebi:Order/SR/SM/2020-21/11204/155
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Facts / Headnote
Adjudication proceedings disposed without imposing monetary penalty
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Ashok Finstock Limited
Holding
The adjudication proceedings against Ashok Finstock Limited in the matter of RPG Transmission Limited were disposed without imposing any monetary penalty as the alleged violation of PFUTP Regulations was not established.
Full text
Adjudication Order in respect of Ashok Finstock Ltd. in the matter of RPG Transmission Limited (Page 2 of 19) SEBI-REGULATORY shares. In view of the above findings in various scrips and noticing that such operations were possibly continuing in the market to the detriment of the investing public, SEBI vide ad-interim ex-parte order dated December 2, 2010 issued directions against Shri Sanjay Dangi, his associates and promoter entities of four companies i.e. MIL, Hubtown Ltd., WCL & BIL. In the said order, the following 10 Dangi entities and 14 Ashika entities were restrained from accessing the securities market and further prohibited from buying, selling or dealing in securities in any manner whatsoever, till further directions: S. No. Names 1 Alpana Sanjay Dangi 2 Amit Business Limited 3 Ashok Finstock Limited 4 Goldflag Trading Company Private Limited 5 Ivory Consultants Private Limited 6 Mentor Capital Limited (erstwhile Pacific Corporate Services Limited) 7 Sanjay Soumitra Singh Dangi 8 Sunil Somitra Singh Dangi 9 Supersun Trading Company Private Limited 10 Top City Mercantile Company Private Limited
Adjudication Order in respect of Ashok Finstock Ltd. in the matter of RPG Transmission Limited (Page 3 of 19) SEBI-REGULATORY their own companies and their listed group companies, in any manner whatsoever, till further directions: S.No. Entity Comments
Adjudication Order in respect of Ashok Finstock Ltd. in the matter of RPG Transmission Limited (Page 4 of 19) SEBI-REGULATORY
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Source: SecMarx — sebi:Order/SR/SM/2020-21/11204/155. 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.