sebi:WTM/AB/MIRSD/DoS-1/6521/2019-20
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Facts / Headnote
Directions issued against Noticee nos. 3 and 5 (restrained from accessing securities market, directed not to dispose of assets, directed to provide inventory of assets); show cause issued to Noticee nos. 1, 2 and 4 disposed of without directions; no directions warranted against Noticee no. 2.
Provisions invoked
- s. 19
- s. 16
- s. 166
- s. 149(12)
Regulations
- Reg. 17
Parties
- Raghukul Shares India Private Limited (Noticee no. 1)
- Mr. Bimal Prakash Agarwal (Noticee no. 2)
- Mr. Sandesh Khandelwal (Noticee no. 3)
- Mr. Siya Ram Khandelwal (Noticee no. 4)
- Mr. Dhruvesh Patel (Noticee no. 5)
Holding
Noticee nos. 3 (Mr. Sandesh Khandelwal) and 5 (Mr. Dhruvesh Patel), as Executive Directors of RSIPL during the period covered under inspection, are restrained from accessing the securities market and directed not to dispose of assets or provide inventory thereof; no directions are warranted against Noticee nos. 1, 2 and 4.
Full text
Interim order in the matter of Raghukul Shares India Pvt. Ltd. Page 2 of 21 of Securities And Exchange Board Of India (Intermediaries) Regulations, 2008, by way of this ex parte -ad-interim order, hereby issue the following
Interim order in the matter of Raghukul Shares India Pvt. Ltd. Page 3 of 21 e) The depositories are directed to ensure that no debits are made in the demat accounts, held jointly or severally, of Noticee no. 1, RSIPL except for the purpose mentioned in sub-para (d) after confirmation from the concerned stock exchange (s) and/ or Depositories as the case may be.
Interim order in the matter of Raghukul Shares India Pvt. Ltd. Page 4 of 21 (hereinafter referred to as “AR”) of Noticee no. 2 appeared before me and made
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Source: SecMarx — sebi:WTM/AB/MIRSD/DoS-1/6521/2019-20. 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.