sebi:PG/AM/AO-83/2012
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticee found in violation of Section 11C(2) and 11C(3) of the SEBI Act, 1992 for failure to comply with summonses
Provisions invoked
- s. 15A
- s. 15J
- s. 15
- s. 11C
- s. 12
- s. 11C(2)
- s. 11C(3)
- s. 133A
Parties
- Namokar Consultants Private Limited
Holding
The Noticee (Namokar Consultants Private Limited) violated Section 11C(2) and 11C(3) of the SEBI Act, 1992 by failing to comply with summonses dated September 06, 2011, September 22, 2011, October 12, 2011, November 01, 2011 and December 22, 2011.
Full text
Adjudication Order in respect of Namokar Consultants Private Limited In the matter of Dealings of Sanjay Dangi and other entities in various scrips December 31, 2012 Page 2 of 25 iv. Krishnum Investments Private Limited (Krishnum) v. Lakhi Packaging Private Limited (Lakhi) vi. Ramji Agri Business Private Limited (Ramji) vii. Ramkrishna Fabrication and Machineries Private Limited (Ramkrishna) viii. Runicha Alloys And Steel Private Limited (Runicha) ix. Simple Mining And Power Private Limited (Simple) x. Taitan Management Services Private Limited (Taitan)
Adjudication Order in respect of Namokar Consultants Private Limited In the matter of Dealings of Sanjay Dangi and other entities in various scrips December 31, 2012 Page 3 of 25
Adjudication Order in respect of Namokar Consultants Private Limited In the matter of Dealings of Sanjay Dangi and other entities in various scrips December 31, 2012 Page 4 of 25 vide ad-interim ex-parte order dated December 2, 2010, (interim Order) (available on SEBI website www.sebi.gov.in) issued directions against, inter alia, Mr. Sanjay Dangi, his associates & promoter entities of 4 companies i.e. MIL, Hubtown, WCL & BIL. In the said interim Order, 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.
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Source: SecMarx — sebi:PG/AM/AO-83/2012. 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.