sebi:WTM/GM/EFD/84/2019-20
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Directed noticee companies and directors to publish newspaper advertisements inviting investor complaints/claims, submit compliance report within two months of publication, and continued restraint from securities market till further orders; SEBI to pass appropriate orders thereafter.
Parties
- Moral Devcon Limited
- Moral Health & Personal Care Limited
- Moral Commotrade Limited
- Moral Infrastructure Corporation Limited
- Arun Kumar
- Ajay Kumar Sharma
- Gyaneshwar Sharma
Holding
SEBI did not accept the claimed cash refunds as proved and directed newspaper publication inviting NCD investor claims with a compliance report, while continuing the market access and association restraints till further orders.
Full text
__________________________________________________________________________________ Order in the matter of Moral Group of Companies Page 2 of 13
__________________________________________________________________________________ Order in the matter of Moral Group of Companies Page 3 of 13
__________________________________________________________________________________ Order in the matter of Moral Group of Companies Page 4 of 13
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/GM/EFD/84/2019-20. 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.