sebi:PM/NR/2020-21/9599-9601
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Facts / Headnote
Violations established; monetary penalty imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 12
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 2(1)(c)
- Reg. 57
- Reg. 2(1)(c)(5)
Parties
- Divyesh Ashwin Sukhadia
- Dharmesh Ashwin Sukhadia
- Anuj Vipin Sukhadia
Holding
The Noticees violated Section 12A of the SEBI Act, the PFUTP Regulations and the ICDR Regulations by diverting/mis-utilizing IPO proceeds of Paramount Printpackaging Ltd. and by making false and misleading disclosures in the prospectus, and are liable to monetary penalty under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Divyesh Ashwin Sukhadia, Dharmesh Ashwin Sukhadia and Anuj Vipin Sukhadia the matter of Paramount Printpackaging Ltd.,.,, Page 2 of 50
Adjudication Order in respect of Divyesh Ashwin Sukhadia, Dharmesh Ashwin Sukhadia and Anuj Vipin Sukhadia the matter of Paramount Printpackaging Ltd.,.,, Page 3 of 50
Adjudication Order in respect of Divyesh Ashwin Sukhadia, Dharmesh Ashwin Sukhadia and Anuj Vipin Sukhadia the matter of Paramount Printpackaging Ltd.,.,, Page 4 of 50
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Source: SecMarx — sebi:PM/NR/2020-21/9599-9601. 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.