sebi:WTM/ASB/IVD/ID1/27674/2023-24
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Facts / Headnote
Revoked - directions issued vide Interim Order dated September 15, 2021 read with Confirmatory Order dated March 28, 2022 revoked qua the Noticees with immediate effect
Provisions invoked
- s. 19
Parties
- Saumil Shah
- Surabhi Kishore Shah
- Amit Agrawal
- Murlidhar Bajaranglal Agrawal
- Rakesh Rajendra Bhojgadhiya
- Rakesh Rajendra Bhojgadhiya HUF
Holding
The directions issued vide the Interim Order dated September 15, 2021 read with the Confirmatory Order dated March 28, 2022 are revoked qua the six Noticees with immediate effect.
Full text
__________________________________________________________________________________ Revocation Order in the matter of Magma Fincorp Ltd. (now known as Poonawalla Fincorp Ltd.) Page 2 of 3
__________________________________________________________________________________ Revocation Order in the matter of Magma Fincorp Ltd. (now known as Poonawalla Fincorp Ltd.) Page 3 of 3
2. Subsequently, after considering the Noticees’ replies and granting them a personal hearing, a confirmatory order bearing no. WTM/SM/ISD/15646/2021- 22 dated March 28, 2022 (hereinafter referred to as “Confirmatory Order”), was passed, inter-alia, confirming the directions issued in the Interim Order against the Noticees, with certain modifications.
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Source: SecMarx — sebi:WTM/ASB/IVD/ID1/27674/2023-24. 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.