sebi:WTM/AN/NRO/NRO/28065/2023-24
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Facts / Headnote
SCNs disposed of without any direction; Noticee No. 1, 2 & 3 not held liable for refund
Provisions invoked
- s. 19
- s. 73
- s. 67(3)
- s. 73(2)
- s. 73(1)
- s. 167(1)
Parties
- Krishna Kumar Singh
- Rajiv Kumar Nayar
- Narayan Madhav Kumar
Holding
Noticee No. 1, 2 and 3 cannot be held liable for making refund under Section 73(2) of the Companies Act, 1956 for the illegal RPS issue by Alchemist Holdings Limited, and the SCN dated August 05, 2022 to Noticee No.1, SCN dated May 06, 2022 to Noticee No.2 and SCN dated August 05, 2022 to Noticee No.3 are disposed of without any direction.
Full text
______________________________________________________________________________________________________________ Final Order in respect of (1) Krishna Kumar Singh (2) Rajiv Kumar Nayar and (3) Narayan Madhav Kumar in the matter of Alchemist Holdings Limited Page 2 of 15 2009 (for a period of 1 month) i.e. between 2 RPS and not at the time of issuance of RPS.
______________________________________________________________________________________________________________ Final Order in respect of (1) Krishna Kumar Singh (2) Rajiv Kumar Nayar and (3) Narayan Madhav Kumar in the matter of Alchemist Holdings Limited Page 3 of 15
______________________________________________________________________________________________________________ Final Order in respect of (1) Krishna Kumar Singh (2) Rajiv Kumar Nayar and (3) Narayan Madhav Kumar in the matter of Alchemist Holdings Limited Page 4 of 15
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Source: SecMarx — sebi:WTM/AN/NRO/NRO/28065/2023-24. 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.