sebi:SO/ANG/PD/2024-25/7931
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Settled - specified proceedings initiated vide Interim Order cum Show Cause Notice dated May 06, 2024 disposed of upon payment of settlement amounts
Provisions invoked
- s. 11
- s. 19
- s. 15H
- s. 27
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 18(3)
- Reg. 4(1)(c)
- Reg. 6(2)(a)
Parties
- Dadhania Vivek Gopalbhai
- Nirajkumar K. Malaviya
- Jigna V. Thakkar
- Chandresh Jain
- Dharmesh Bhanushali
Holding
The proceedings initiated against the five Applicants vide Interim Order cum Show Cause Notice dated May 06, 2024 are disposed of in terms of Section 15JB read with Section 19 of the SEBI Act and Regulation 23(1) of the Settlement Regulations upon payment of the agreed settlement amounts.
Full text
Settlement Order in the matter of Add-Shop E-Retail Limited and White Organic Agro Limited Page 2 of 5 Unfair Trade Practices relating to Securities Market) Regulations, 2003 (“PFUTP Regulations”) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”).
Settlement Order in the matter of Add-Shop E-Retail Limited and White Organic Agro Limited Page 3 of 5 Name of the Applicant Designation Regulations allegedly violated Regulation 4(1)(c), 18(2) and 34(3) read with clause (2)(b) and (3)(c) of part C of Schedule V of LODR Regulations read with section 27 of SEBI Act. Jigna V. Thakkar Audit committee member of WOAL Regulation 18(3) read with Para A of Part C of Schedule II of LODR Regulations. Chandresh Jain Audit committee Chairman of WOAL (from 29/09/2014 to 23/05/2022) Dharmesh Bhanushali Audit committee Chairman of WOAL (from 28/05/2022 to present)
Settlement Order in the matter of Add-Shop E-Retail Limited and White Organic Agro Limited Page 4 of 5 which considered the facts of the case as well as the revised settlement terms proposed by the Applicants and recommended the case for settlement upon payment of settlement amounts mentioned below -
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Source: SecMarx — sebi:SO/ANG/PD/2024-25/7931. 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.