sebi:WTM/MPB/MIRSD-2/80/2017
Facts / Headnote
Directions issued vide ex-parte ad interim Order dated March 22, 2016 confirmed against all Noticees except Mr. Narayan Devadiga (PAN: AUBPD6990R), against whom proceedings are closed.
Provisions invoked
- s. 19
- s. 12A
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3(b)
- SEBI (PFUTP) Regulations, 2003 — 3(c)
- SEBI (PFUTP) Regulations, 2003 — 3(d)
- SEBI (PFUTP) Regulations, 2003 — 4(1)
- SEBI (PFUTP) Regulations, 2003 — 4(2)(m)
- SEBI (PFUTP) Regulations, 2003 — 4(2)(p)
- SEBI (Registrars to an Issue) Regulations, 1993 — 13
- SEBI (Registrars to an Issue) Regulations, 1993 — 14(3)(b)
- SEBI (Registrars to an Issue) Regulations, 1993 — 14(3)(c)
- SEBI (Registrars to an Issue) Regulations, 1993 — 9A(f)
Holding
SEBI confirmed the interim order directions restraining Sharepro Services (I) Private Limited and 15 other entities from buying, selling or dealing in the securities market, finding that the Noticees failed to give any plausible reasoning for their acts and omissions described in the interim order. Proceedings against Mr. Narayan Devadiga holding PAN: AUBPD6990R were closed as his name was mistakenly included.
Full text
_________________________________________________________________________________ Order in respect of Sharepro Services (I) Private Limited and others Page 2 of 17
_________________________________________________________________________________ Order in respect of Sharepro Services (I) Private Limited and others Page 3 of 17
_________________________________________________________________________________ Order in respect of Sharepro Services (I) Private Limited and others Page 4 of 17
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Source: SecMarx — sebi:WTM/MPB/MIRSD-2/80/2017. 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.