sebi:AO/JS/VRP/76-82/2018
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Facts / Headnote
Violation established against Jagdish Jain; penalty of Rs. 3,00,000 imposed. Proceedings against other six Noticees dropped; no penalty imposed on them.
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 7
- Reg. 11
- Reg. 199
- Reg. 29
- Reg. 29(2)
- Reg. 7(2)
- Reg. 201
- Reg. 13A(7)
Parties
- Jagdish T Jain
- Sherisha Technologies Pvt Ltd.
- Tarachand Jain
- Anil Jain
- Ugamdevi Jain
- Dimple Jain
- Seema Jain
Holding
Jagdish Jain violated Regulation 29(2) read with 29(3) of SAST Regulations, 2011 by failing to disclose a 2.2% change in shareholding within two working days, and a penalty of Rs. 3,00,000 was imposed on him under Section 15A(b) of the SEBI Act, 1992. The other six Noticees did not violate the provisions as their individual shareholding did not change.
Full text
___________________________________________________________________________ Adjudication Order in the matter of Refex Industries Limited Page 2 of 11
___________________________________________________________________________ Adjudication Order in the matter of Refex Industries Limited Page 3 of 11
___________________________________________________________________________ Adjudication Order in the matter of Refex Industries Limited Page 4 of 11
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Source: SecMarx — sebi:AO/JS/VRP/76-82/2018. 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.