Adjudication Order in the matter of Alang Industrial Gases Ltd.

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Last updated: 01 October 2020
Quick Summary
This adjudication order concerns Alang Industrial Gases Ltd. and Dilip Sheth for violations of SEBI's disclosure regulations. Investigations revealed that Dilip Sheth failed to disclose significant increases in his shareholding, contravening PIT and SAST regulations. Additionally, Alang Industrial Gases Ltd. failed to report information received from Dilip Sheth as required by PIT regulations. Despite multiple opportunities, neither party provided a satisfactory reply or attended scheduled hearings, leading the Adjudicating Officer to proceed based on the written submissions provided.

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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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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