sebi:AO/SG-DP/EAD/96/2018
Facts / Headnote
Penalty imposed on the Noticee for violation of Regulation 7(2)(b) of PIT Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations relied on
- SEBI (PIT) Regulations, 2015 — 7(2)(b)
Parties
- Sacheta Metals Limited
Holding
The Noticee violated Regulation 7(2)(b) of the PIT Regulations by failing to submit required disclosures to BSE within two trading days of receipt of disclosures from promoters for four transactions, and is liable for a penalty of Rs 4,00,000 under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in respect of Sacheta Metals Limited in the matter of Sacheta Metals Limited Page 2 of 14 had not submitted the required disclosures under Regulation 7(2)(b) of PIT Regulations to BSE .
Adjudication Order in respect of Sacheta Metals Limited in the matter of Sacheta Metals Limited Page 3 of 14 Sr. No Date of transaction Name of the Promoter Date of receipt of disclosure from the Promoter by the Noticee under Regulation 7(2) (a) of PIT Regulations 1 04.02.2016 Satishkumar Keshavlal Shah 05.02.2016 2 02.03.2016 Satishkumar Keshavlal Shah 03.03.2016 3 21.04.2016 Chetnaben Satishkumar Shah 22.04.2016 4 27.04.2016 Ankit Satishkumar Shah 28.04.2016
Adjudication Order in respect of Sacheta Metals Limited in the matter of Sacheta Metals Limited Page 4 of 14 subject ‘Disclosure under Regulation 29(2) of SEBI(SAST) Regulations,2011’.
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Source: SecMarx — sebi:AO/SG-DP/EAD/96/2018. 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.