adjudication order against shri sunder lal dugar, shri sandeep baid, shri prabir kumar sarkar, shri...

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Page 1 of 34 BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA [ADJUDICATION ORDER NO. IVD-ID9/RDB/AO/DRK-AKS/EAD3-565-569 /109-113/2014]  _________________________________________ UNDER SECTION 15 I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES, 1995 In respect of: Sl. No. No ticees 1 Shri Sunder Lal Dugar - Promoter & Chairman of RDB Rasayans Ltd. 2 Shri Sandeep Baid - Whole Time Director of RDB Rasayans Ltd. 3 Shri Prabir Kumar Sarkar - Independent Director of RDB Rasayans Ltd. 4 Shri Sachin Shridhar - Independent Director of RDB Rasayans Ltd. 5 Shri Mahendra Pratap Singh - Independent Director of RDB Rasayans Ltd. FACTS IN BRIEF 1. Securities and Exchange Board of India (hereinafter referred to as SEBI‘) conducted an investigation of the Initial Public Offering (hereinafter referred to as IPO‘) of RDB Rasayans Ltd. (herein after referred to as RDB‘) and its subsequent trading on and around the listing days as the scrip of RDB witnessed wide fluctuations in the price on Bombay Stock Exchange Ltd. (hereinafter referred to as BSE‘). RDB came out with an IPO of 45,00,000 Brought to you by http://StockViz.biz

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8/12/2019 Adjudication Order against Shri Sunder Lal Dugar, Shri Sandeep Baid, Shri Prabir Kumar Sarkar, Shri Sachin Shridha…

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