sebi:WTM/AB/EFD-1/DRA-1/16/2018-19
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Facts / Headnote
All seven Noticees restrained from accessing the securities market and prohibited from buying, selling or otherwise dealing in securities for a period of five years from the date of the order.
Provisions invoked
- s. 11
- s. 19
- s. 12A
- s. 23
- s. 376
- s. 48
Regulations
- Reg. 2(c)
- Reg. 3
Parties
- Syncom Healthcare Limited
- Mr. Ajay Bankda
- Ms. Jyoti Bankda
- Mr. Jagadish Prasad Bagaria
- Mr. Bharat Kumar Doshi
- Mr. Govind Das Pasari
- Mr. Avichal Kasliwal
Holding
The Adjudicating Officer held that Syncom (Noticee no. 1) violated Section 12A(a) to (c) of the SEBI Act read with Regulations 3(a) to (d) and 4(1), 4(2)(f), (k) and (r) of the SEBI (PFUTP) Regulations, and that Noticees nos. 2 to 7 (directors) violated Section 12A(a) to (c) read with Regulations 3(a) to (d) and 4(1) of the PFUTP Regulations. All Noticees were restrained from accessing the securities market for five years.
Full text
Order in the matter of Syncom Healthcare Limited __________________________________________________________________________________________ __________________________________________________________________________________ Page 2 of 33
Order in the matter of Syncom Healthcare Limited __________________________________________________________________________________________ __________________________________________________________________________________ Page 3 of 33
Order in the matter of Syncom Healthcare Limited __________________________________________________________________________________________ __________________________________________________________________________________ Page 4 of 33
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Source: SecMarx — sebi:WTM/AB/EFD-1/DRA-1/16/2018-19. 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.