sebi:AK/AO-25-29/2017
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Facts / Headnote
Fresh order on merits after remand by SAT; violations of Takeover Regulations found and penalty imposed on the promoter group
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 15F
Regulations
- Reg. 199
- Reg. 8(2)
- Reg. 2(h)
- Reg. 30(1)
- Reg. 30(2)
- Reg. 8(1)
- Reg. 2(1)(t)
- Reg. 2(1)
- Reg. 2(q)(2)
Parties
- Ms. Indumati Raman
- Inland Dataforms Pvt Ltd
- Mr. Gopalakrishnan Raman
- Insight Management Services Pvt. Ltd.
- Ms. Shanti Gopalakrishnan
Holding
The Noticees, constituting a promoter group, violated Regulation 8(2) of the Takeover Regulations, 1997 for financial years 2002-03 to 2010-11 and Regulation 30(1) and (2) read with 30(3) of the Takeover Regulations, 2011 for the financial year ended March 31, 2012, by failing to make timely disclosures. The obligation and penalty rest upon the promoter group as a whole, recoverable jointly and severally from its members.
Full text
____________________________________________________________________________________ Adjudication Order in the matter of Inland Printers Limited Page 2 of 24
____________________________________________________________________________________ Adjudication Order in the matter of Inland Printers Limited Page 3 of 24
____________________________________________________________________________________ Adjudication Order in the matter of Inland Printers Limited Page 4 of 24
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Source: SecMarx — sebi:AK/AO-25-29/2017. 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.