sebi:WTM/SM/IVD/ID5/10501/2020-21
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Facts / Headnote
Corrigendum issued correcting paragraph 17 and paragraph 21 of Order dated February 15, 2021 bearing reference number WTM/SM/IVD/ID5/10430/2020-21; the Order shall always be read with this Corrigendum
Holding
Paragraph 17 is corrected to state that Bhavna Manish Tivadi was a common director in Noticee nos. 3 and 6, and paragraph 21 is substituted with revised text regarding Noticee no. 4's connection. The Order dated February 15, 2021 shall always be read with this Corrigendum.
Full text
Corrigendum in the matter of Rutron International Ltd. Page 1 of 2 WTM/SM/IVD/ID5/10501/2020-21 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA Corrigendum to Order having Reference Number WTM/SM/IVD/ID5/10430/2020- 21 dated February 15, 2021, in the matter of Rutron International Ltd.
Corrigendum in the matter of Rutron International Ltd. Page 2 of 2 2. The Order dated February 15, 2021, bearing reference number WTM/SM/IVD/ID5/10430/2020-21 shall always be read with this Corrigendum.
1. SEBI had passed an Order having reference number WTM/SM/IVD/ID5/10430/2020-21 dated February 15, 2021 (for convenience “Order”) in the matter of Rutron International Ltd. Subsequently, it has been brought to my notice that certain inadvertent factual errors have crept-in in the Order. Having perused the same, I find it appropriate to emend the error accordingly as follows: (i) In the said Order, in paragraph 17, the words “With regard to connection on the basis of common Directors, I note that one Bhavna Manish Tivadi (DIN-07227596) was a Common Director in Noticee nos. 3 and 8” shall be read as follows: “With regard to connection on the basis of common Directors, I note that one Bhavna Manish Tivadi (DIN-07227596) was a Common Director in Noticee nos. 3 and 6.” (ii) Further, paragraph 21 in the said Order, shall be read as follows: “With regard to the contention of Noticee no. 4 that her name was included in the category of promoter and promoter group in CFL by virtue of her relationship with one Mr. Anil (admittedly her brother), it is pertinent to note that she has not disputed that she was a promoter in CFL. In fact, she has admitted that Mr. Anil is her brother who was directly connected to Noticee no. 3 and Noticee no. 8. Further, the records available before me also indicate that alongwith Noticee no. 4, the HUF of Anil was also a Promoter in CFL. Considering the aforesaid blood relationship between them, it can be reasonably concluded that the Noticee no. 4 was con
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Source: SecMarx — sebi:WTM/SM/IVD/ID5/10501/2020-21. 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.