Order in the matter of Sungold Capital Limited
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What is this order about?
This order addresses violations of securities regulations by individuals related to Sungold Capital Limited, specifically regarding failure to make an open offer when acquiring shares in 2007.
Who it concerns
Mr. Rajiv R. Kotia, Mrs. Shilpa Amit Kotia, Mrs. Shweta Dhaval Kotia, Mr. Dhaval Ramesh Kotia, Mr. Ravi Rajiv Kotia
What was found or directed
- SEBI found violations of regulation 10 and 11(1) of SAST Regulations 1997
- Penalty of INR 21 lakh paid by Noticees
- Directions under regulation 44(a) and (g) of SAST Regulations 1997
- Transfer of proceeds from 0.23% shares to Investor Protection Fund
- Debarment under regulation 44(e) not directed
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AN/IVD/ID5/31713/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2025-10-08
1759940402368_1.pdf
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