sebi:Order/VV/AK/2021-22/14685
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Facts / Headnote
Violation established; penalty of Rs 1,00,000 imposed under Section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 13
- Reg. 13(4)
- Reg. 13(5)
- Reg. 7(2)
- Reg. 30
- Reg. 35(2)
Parties
- Gajraj Carriers Private Limited
Holding
The Noticee violated Regulation 13(2A) and Regulation 13(4A) read with Regulation 13(5) of the PIT Regulations, 1992 and is liable for monetary penalty under Section 15A(b) of the SEBI Act. A penalty of Rs 1,00,000 was imposed on Gajraj Carriers Pvt Ltd.
Full text
Adjudication Order with respect to Gajraj Carriers Private Limited Page 2 of 18 In the matter of USG Tech Solution Ltd Appointment of Adjudicating Officer
Adjudication Order with respect to Gajraj Carriers Private Limited Page 3 of 18 In the matter of USG Tech Solution Ltd of the reply dated November 22, 2021 of the Noticee in the instant matter. The hearing was conducted on November 24, 2021.
Adjudication Order with respect to Gajraj Carriers Private Limited Page 4 of 18 In the matter of USG Tech Solution Ltd the public shareholders were made aware of the change in its shareholding in the Company. Hence, it is denied that there was any non-disclosure on its part.
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Source: SecMarx — sebi:Order/VV/AK/2021-22/14685. 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.