sebi:QJA/SS/ERO/ERO-OTHER/31620/2025-26
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Remedial directions issued to Noticees 1-8 and 11; SCN dropped qua Noticee 9; proceedings abated qua Noticee 10
Provisions invoked
- s. 11
- s. 19
- s. 11(1)
- s. 27
- s. 67(3)
- s. 56
- s. 73(2)
- s. 465
- s. 291
- s. 73(1)
- s. 2(36)
- s. 60
- s. 42
- s. 124
- s. 42(1)
- s. 42(10)
- s. 42(11)
Regulations
- Reg. 4(2)(d)
- Reg. 25
- Reg. 115
Parties
- Noticee 1
- Noticee 2
- Noticee 3
- Noticee 4
- Noticee 5
- Noticee 6
- Noticee 7
- Noticee 8
- Arun Chanda (Noticee 9)
- Bulu Raha (Noticee 10)
- Noticee 11
Holding
SEBI issued remedial directions to Noticees 1-8 and 11 of Bengal Artisans Craft Company Limited requiring refund with 15% interest to remaining shareholders who approach within one year and cancellation of surrendered securities, while dropping the SCN against Noticee 9 for lack of involvement and abating proceedings against deceased Noticee 10.
Full text
_____________________________________________________________________________________ Order in the matter of Bengal Artisans Craft Company Limited
_____________________________________________________________________________________ Order in the matter of Bengal Artisans Craft Company Limited
_____________________________________________________________________________________ Order in the matter of Bengal Artisans Craft Company Limited
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:QJA/SS/ERO/ERO-OTHER/31620/2025-26. 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.