sebi:AK/AO-105/2014

SEBI · SEBI · 2013-09-02 · Anita Kenkare, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Penalty imposed

Provisions invoked

s. 15A
s. 15
s. 15J

Regulations relied on

SEBI (SAST) Regulations, 1997 — 8(3)

Parties

M/s. Gagan Polycot India Limited

Holding

The Noticee M/s. Gagan Polycot India Limited was held to have violated Regulation 8(3) of the Takeover Regulations for twelve consecutive financial years from 1997-98 to 2008-09 by failing to make yearly disclosures within the stipulated time, and a penalty of Rs. 6,50,000/- was imposed under Section 15A(b) of the SEBI Act.

Full text

______________________________________________________________________________ Adjudication in the matter of M/s. Gagan Polycot India Limited Page 2 of 9

______________________________________________________________________________ Adjudication in the matter of M/s. Gagan Polycot India Limited Page 3 of 9

______________________________________________________________________________ Adjudication in the matter of M/s. Gagan Polycot India Limited Page 4 of 9

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Source: SecMarx — sebi:AK/AO-105/2014. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.