sebi:AK/AO-55-61/2017
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Facts / Headnote
Penalty imposed under Section 15A(b) of the SEBI Act for violation of Regulation 8(1) and 8(2) of the Takeover Regulations, 1997; charge under Regulation 11(2) read with Regulation 14(1) not established; certain charges dropped or absolved
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 30
Regulations
- Reg. 7
- Reg. 4
- Reg. 7(1)
- Reg. 6
- Reg. 11
- Reg. 3
- Reg. 199
- Reg. 10
- Reg. 14
- Reg. 14(1)
- Reg. 1
- Reg. 11(1)
- Reg. 3(3)
- Reg. 47
- Reg. 8(3)
- Reg. 6(1)
- Reg. 8(2)
- Reg. 2(h)
- Reg. 11(2)
- Reg. 2(1)(q)
Parties
- Jayalaxmi Holdings Pvt. Ltd. (Amalgamated to Great View Properties Pvt. Ltd.)
- Brinan Investments Pvt. Ltd. (Amalgamated to Great View Properties Pvt. Ltd.)
- Alk Holding Pvt. Ltd. (Amalgamated to Great View Properties Pvt. Ltd.)
- Mr. Rohan Khatau
- Ms. MH Khatau
- Ms. PH Khatau
- Mr. HA Khatau
Holding
The Adjudicating Officer held that the promoter Noticees violated Regulation 8(1) and 8(2) of the Takeover Regulations, 1997 by failing to make annual disclosures for nine consecutive financial years (FY 1997-98 to FY 2005-06) and two consecutive financial years (FY 2008-09 to FY 2009-10), and imposed penalties under Section 15A(b) of the SEBI Act. However, the charge of violating Regulation 11(2) read with Regulation 14(1) of the Takeover Regulations, 1997 was not established, and no penalty was imposed under Section 15H(ii).
Full text
____________________________________________________________________________________ Adjudication Order in the matter of Khatau Exim Limited Page 2 of 47
____________________________________________________________________________________ Adjudication Order in the matter of Khatau Exim Limited Page 3 of 47
____________________________________________________________________________________ Adjudication Order in the matter of Khatau Exim Limited Page 4 of 47
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Source: SecMarx — sebi:AK/AO-55-61/2017. 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.