sebi:WTM/AB/MIRSD/DoS-1/6520/2019-20
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Facts / Headnote
Interim directions confirmed against Noticee no. 2; deemed confirmed against Noticee nos. 1 and 3 for failure to reply/appear
Provisions invoked
- s. 19
- s. 166
- s. 164(2)
Parties
- Raghukul Shares India Pvt. Ltd. (Noticee no. 1)
- Mr. Gangaram Khandelwal (Noticee no. 2)
- Mr. Amit Sharma (Noticee no. 3)
Holding
The directions issued in the interim order dated June 28, 2019 against Noticee no. 2 (Mr. Gangaram Khandelwal) are confirmed, and the interim directions against Noticee nos. 1 and 3 are deemed confirmed for failure to reply or appear.
Full text
Confirmatory order in the matter of Raghukul Shares India Pvt. Ltd. Page 2 of 11 their replies within 21 days of receipt of the order or failing to appear before SEBI on the aforesaid date and time, the preliminary findings at paras 5 to 11 and directions at para 14 (a) to (f), of the interim order shall be deemed to be confirmed against the Noticee nos. 1 to 3 automatically, without any further orders.
Confirmatory order in the matter of Raghukul Shares India Pvt. Ltd. Page 3 of 11 1. Email dated May 28, 2019 received by SEBI from NSE regarding complaints against RSIPL received by NSE and violations observed during limited purpose inspection of RSIPL conducted by NSE. 2. E-mail dated June 04, 2019 received by SEBI from NSE along with NSE inspection report and Annexures of said inspection report in the matter of RSIPL
Confirmatory order in the matter of Raghukul Shares India Pvt. Ltd. Page 4 of 11 8. Noticee no. 2, in his reply and written submissions, has made the following
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Source: SecMarx — sebi:WTM/AB/MIRSD/DoS-1/6520/2019-20. 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.