sebi:AO/SBM/EAD-3/87/2017
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 6
- Reg. 8
- Reg. 8(3)
- Reg. 44
- Reg. 6(1)
- Reg. 6(2)
- Reg. 7(3)
- Reg. 6(4)
- Reg. 30(3)
- Reg. 30
- Reg. 8(1)
- Reg. 35
Parties
- Luharuka Media & Infra Ltd. (Formerly known as Splash Media & Infra Ltd.)
Holding
The Noticee violated Regulations 6(2), 6(4), 7(3) and 8(3) of the SAST Regulations, 1997 by failure and inordinate delay in making required disclosures, and is liable under Section 15A(b) of the SEBI Act. A total monetary penalty of Rs. 7,00,000 was imposed, apportioned per violation.
Full text
2 Since failure to make disclosure under each regulation constitutes independent offence attracting independent penalty, in the facts of present case, where there are multiple offences, it would be just and proper to impose
3 and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as 'Adjudication Rules') to inquire into and adjudge under the provisions of Section 15A (b) of the SEBI Act, the alleged violation of the provisions of Regulations 6(2), 6(4), 7(3) and 8(3) of the SAST Regulations, 1997 by the Noticee. Consequent to the transfer of Shri Parag Basu, vide order dated August 16, 2012, Shri D Ravikumar was appointed as the Adjudicating Officer in the said matter. Pursuant to the transfer of Shri D Ravikumar, I have been appointed as Adjudicating Officer vide an order dated June 22, 2015. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
4 of compliance of September 20, 2007 i.e. with a delay of 4 days for the year 2007. The details of delay in making the disclosures are as under:
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Source: SecMarx — sebi:AO/SBM/EAD-3/87/2017. 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.