sebi:AK/AO-98/2014
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation of Regulation 8(3) found; penalty of Rs 5,00,000 imposed under Section 15A(b)
Provisions invoked
- s. 15A
- s. 15
- s. 12A
- s. 15J
Regulations
- Reg. 3
- Reg. 8(3)
- Reg. 201
Parties
- M/s. Ethelbari Tea Company Limited
Holding
The Noticee violated Regulation 8(3) of the Takeover Regulations for eleven consecutive financial years from 1997-98 to 2007-08 by disclosing only on April 24, 2009, and is liable to a monetary penalty of Rs 5,00,000 under Section 15A(b) of the SEBI Act.
Full text
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Source: SecMarx — sebi:AK/AO-98/2014. 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.