sebi:WTM/RKA/EFD/17/2016
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Facts / Headnote
Violations of Section 12A(a), (b) and (c) read with Regulations 3(a)-(d), 4(1) and 4(2) of PFUTP Regulations held established against Ritesh Properties and Industries Ltd., Mr. Sanjeev Arora, Mr. Roop Kishore Fatehpuria and Mr. Rajiv Arora; proceedings abated against Mr. Pran Arora on death and benefit of doubt given to independent directors Mr. Surinder K. Sood, Mr. Ashish Aggarwal and Mr. V.P. Chhabra.
Provisions invoked
- s. 11B
- s. 11
- s. 11(4)
- s. 19
- s. 12A
- s. 12
- s. 81
- s. 54
- s. 209
Regulations
- Reg. 4
- Reg. 11
- Reg. 3
- Reg. 3(a)
Parties
- Ritesh Properties and Industries Ltd.
- Mr. Sanjeev Arora
- Mr. Pran Arora
- Mr. Roop Kishore Fatehpuria
- Mr. Rajiv Arora
- Mr. Surinder K. Sood
- Mr. Ashish Aggarwal
- Mr. V. P. Chhabra / Chabbra
Holding
Ritesh Properties and Industries Ltd. and directors Sanjeev Arora, Roop Kishore Fatehpuria and Rajiv Arora violated Section 12A of SEBI Act read with Regulations 3 and 4 of PFUTP Regulations by publishing false and misleading financial statements and corporate announcements; proceedings against Pran Arora abated due to death and independent directors were exonerated.
Full text
____________________________________________________________________________ Order in respect of Ritesh Properties and Industries Ltd., its promoters and directors Page | 2 of 35
____________________________________________________________________________ Order in respect of Ritesh Properties and Industries Ltd., its promoters and directors Page | 3 of 35
____________________________________________________________________________ Order in respect of Ritesh Properties and Industries Ltd., its promoters and directors Page | 4 of 35
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Source: SecMarx — sebi:WTM/RKA/EFD/17/2016. 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.