Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its...
22
_____________ Adju dication Order in th e matte r of Surana I ndustries L imi te d Page 1 of 22 Se ptember 26, 2014 BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA [ADJUDICATION ORDER Nos. ASK/AO/84-88/2014] UNDER SECTION 15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SECURITIES AND EXCHANGE BOARD OF INDIA (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES, 1995 and UNDER SECTION 23-I OF SECURITIES CONTRACT (REGULATION) ACT, 1956 READ WITH RULE 5 OF SECURITIES CONTRACTS (REGULATION) (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES, 2005 In respect of Name of the entity PAN Order No. 1.M/s Surana Industries Limited AAACS3123M ASK /AO/84/2014 2. G R Surana AACPS3237P ASK /AO/85/2014 3. Dineshchand Surana AACPS3233K ASK /AO/86/2014 4. V M Swami AYGPS7675D ASK /AO/87/2014 5. Krishna Udupa AABPU0478R ASK /AO/88/2014 In the matter of Surana Industries Limited Background 1. A complaint was received on June 25, 2012 against Surana Industries Limited (SIL) in respect of preferential allotment of 77,00,000 of its shares. It was alleged in the said complaint that the funds for investment were SIL borrowed funds rotated back. Further, a news item appeared in Economic Times on June 21, 2012 in respect of this preferential allotment. Securities and Exchange Board of India (SEBI) conducted investigation into the matter. 2. The investigation revealed that SIL had allegedly not intimated the decision with regard to the preferential issue taken in the Board Meeting dated January 18, 2010 Brought to you by http://StockViz.biz
-
Upload
shyam-sunder -
Category
Documents
-
view
213 -
download
0
Transcript of Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its...
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 1/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 2/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 3/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 4/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 5/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 6/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 7/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 8/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 9/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 10/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 11/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 12/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 13/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 14/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 15/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 16/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 17/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 18/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 19/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 20/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 21/22
8/11/2019 Adjudication Order dated September 26, 2014 in respect of Surana Industries Limited and its non-independent dire…
http://slidepdf.com/reader/full/adjudication-order-dated-september-26-2014-in-respect-of-surana-industries 22/22
