Adjudiation Order in the matter of Alang Industrial Gases Ltd.

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Last updated: 30 September 2020
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This adjudication order concerns Alang Industrial Gases Limited and Mr. Dilip Sheth for violations of SEBI regulations. Mr. Sheth failed to disclose significant increases in his shareholding, breaching insider trading and takeover rules. The company also failed to report information received from Mr. Sheth, violating disclosure requirements. Consequently, penalties have been imposed under the SEBI Act.

Court :
SEBI

Brief :
UNDER SECTION 15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES) RULES, 1995.

Citation :
ADJUDICATION ORDER: EAD-9/VKV/GSS/2020-21/9244-9245

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