sebi:Order/VV/NK/2020-21/11129-11131
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Facts / Headnote
Alleged violations of Section 12A(a),(b),(c) of the SEBI Act read with Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a) and (g) of the PFUTP Regulations not established against Noticee 1; no penalty imposed.
Provisions invoked
- s. 11B
- s. 15
- s. 19
- s. 12A
- s. 12
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 12A(a)
Parties
- HKG Capital Services Pvt. Ltd.
- Vishal Premnarayan Gupta
- Karuna Nandkishore Gupta
Holding
The alleged violations of the PFUTP Regulations do not stand established against Noticee 1 (HKG Capital Services Pvt. Ltd.), and the proceedings against Noticee 1 are dropped without penalty.
Full text
Adjudication Order in respect of HKG Capital Services Pvt. Ltd., Vishal Premnarayan Gupta and Karuna Nandkishore Gupta in the matter of Sterling International Enterprises Limited.
Adjudication Order in respect of HKG Capital Services Pvt. Ltd., Vishal Premnarayan Gupta and Karuna Nandkishore Gupta in the matter of Sterling International Enterprises Limited.
Adjudication Order in respect of HKG Capital Services Pvt. Ltd., Vishal Premnarayan Gupta and Karuna Nandkishore Gupta in the matter of Sterling International Enterprises Limited.
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Source: SecMarx — sebi:Order/VV/NK/2020-21/11129-11131. 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.