sebi:Order/VV/NK/2021-22/13181-13182
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Facts / Headnote
Penalty imposed; violations established ex-parte
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15I
- s. 15J
- s. 11C
- s. 11C(3)
- s. 15F
- s. 28A
Regulations
- Reg. 200
- Reg. 77(5)
Parties
- Ram Minerals and Chemicals Ltd. (formerly ICVL Chemicals Ltd.) (Noticee No. 1)
- Suresh Aggarwal Kumar (Noticee No. 2)
Holding
Noticee No. 1 (Ram Minerals and Chemicals Ltd.) violated Section 11C(3) of the SEBI Act by failing to furnish information called for by summons, and Noticee No. 2 (Suresh Aggarwal Kumar) violated Sections 11C(3) and 11C(5) by failing to appear before the Investigating Authority and furnish information. A penalty of Rs. 5,00,000/- was imposed jointly on both Noticees under Section 15A(a) of the SEBI Act.
Full text
Adjudication Order in respect of Ram Minerals and Chemicals Ltd and Suresh Aggarwal Kumar in the matter of Ram Minerals and Chemicals Ltd. (formerly: ICVL Chemicals Ltd.) Page 2 of 23
Adjudication Order in respect of Ram Minerals and Chemicals Ltd and Suresh Aggarwal Kumar in the matter of Ram Minerals and Chemicals Ltd. (formerly: ICVL Chemicals Ltd.) Page 3 of 23
Adjudication Order in respect of Ram Minerals and Chemicals Ltd and Suresh Aggarwal Kumar in the matter of Ram Minerals and Chemicals Ltd. (formerly: ICVL Chemicals Ltd.) Page 4 of 23
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Source: SecMarx — sebi:Order/VV/NK/2021-22/13181-13182. 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.