sebi:PM/NR/2020-21/10277
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 13
- s. 16
- s. 18
- s. 23
- s. 23H
- s. 29A
- s. 23J
- s. 23I
Parties
- Shree Sudharshan Castings Pvt., Ltd.
Holding
The Noticee violated Section 16 of SCRA read with SEBI Notification G.S.R 219(E) dated March 2, 2000 and Sections 13 and 18 read with Section 2(i) of SCRA by off-market transfer of 2,20,000 shares without consideration, and is liable to monetary penalty under Section 23H of SCRA, with penalty of Rs.10,00,000 imposed.
Full text
Adjudication Order in respect of Shree Sudharshan Castings Pvt., Ltd., in the matter of Urja Global Ltd., Page 2 of 12 Imposing Penalties) Rules, 2005 (hereinafter referred to as “SCR Adjudication Rules”) to inquire into and adjudge the alleged violations committed by the Noticee, under Section 23H of SCRA.
Adjudication Order in respect of Shree Sudharshan Castings Pvt., Ltd., in the matter of Urja Global Ltd., Page 3 of 12 money and played a deceit upon us, thereby resulting in breach of contract.
Adjudication Order in respect of Shree Sudharshan Castings Pvt., Ltd., in the matter of Urja Global Ltd., Page 4 of 12 CONSIDERATION OF ISSUES
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Source: SecMarx — sebi:PM/NR/2020-21/10277. 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.