sebi:WTM/MPB/ISD/143/2018
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Facts / Headnote
Directions contained in the Interim Order dated September 04, 2017 confirmed
Provisions invoked
- s. 19
Parties
- M/s Kavit Industries Limited
Holding
SEBI confirmed the directions contained in the Interim Order dated September 04, 2017 against M/s Kavit Industries Limited, including reverting trading to XT group, forensic audit, and restrictions on promoter/director transfers.
Full text
Order in the matter of M/s Kavit Industries Limited Page 2 of 15 and also directed SEBI to dispose of KIL representation in accordance of law. Hon’ble SAT also held that the said order shall not come in the way of SEBI as well as the stock exchanges to investigate the case of KIL and initiate proceedings if deemed fit.
Order in the matter of M/s Kavit Industries Limited Page 3 of 15 20. The details of bank statement (Corporation Bank with A/c No.510101000470189) provided by the company are as tabulated below: -
Order in the matter of M/s Kavit Industries Limited Page 4 of 15 24. Based on the replies given by the company in response to SEBI’s queries, prima facie observations are as under:
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Source: SecMarx — sebi:WTM/MPB/ISD/143/2018. 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.