sebi:AO/SG-VS/EAD/68/2017
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 13
- Reg. 13(1)
- Reg. 13(3)
- Reg. 29(1)
- Reg. 7(1)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 7(2)
- Reg. 201
Parties
- Dadimaa Capital Pvt. Ltd
Holding
The Noticee violated regulation 29(1) read with regulation 29(3) of SAST Regulations, 2011, regulation 13(1) of PIT Regulations, and regulation 13(3) read with regulation 13(5) of PIT Regulations, but not regulation 29(2) read with regulation 29(3) of SAST Regulations, 2011. A consolidated penalty of Rs. 2,00,000/- was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in respect of Dadimaa Capital Pvt. Ltd. in the matter of Insta Finance Limited Page 2 of 12 date of acquisition, which Noticee is alleged to have failed to do. Thus, it is alleged that Noticee has violated the provisions of regulation 29(1) read with regulation 29(3) of SAST Regulations, 2011.
Adjudication Order in respect of Dadimaa Capital Pvt. Ltd. in the matter of Insta Finance Limited Page 3 of 12 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Dadimaa Capital Pvt. Ltd. in the matter of Insta Finance Limited Page 4 of 12 2014 was served upon the Noticee at the address mentioned at para 8 above, through affixture in accordance with Rule 7(c) of AO Rules. However, the Noticee failed to submit any reply to the SCN and also failed to appear for the hearing on October 12, 2015.
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Source: SecMarx — sebi:AO/SG-VS/EAD/68/2017. 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.