sebi:AK/AO-193/2014
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation established; penalty of Rs 7,00,000 imposed under Section 15A(b) of the SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 8
- Reg. 8(3)
- Reg. 3(4)
- Reg. 30
- Reg. 8(1)
Parties
- M/s Sincere Packers Limited
Holding
The Noticee, M/s Sincere Packers Limited, was found to have violated Regulation 8(3) of the Takeover Regulations for fourteen consecutive financial years from 1997-98 to 2010-11 by failing to make yearly disclosures to the stock exchange, and a penalty of Rs 7,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
______________________________________________________________________________ Adjudication in the matter of M/s Sincere Packers Limited Page 2 of 17
______________________________________________________________________________ Adjudication in the matter of M/s Sincere Packers Limited Page 3 of 17
______________________________________________________________________________ Adjudication in the matter of M/s Sincere Packers Limited Page 4 of 17
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:AK/AO-193/2014. 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.