sebi:AO/SG-VS/EAD/70/2017
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Facts / Headnote
Penalty imposed on the Noticee for violation of SAST Regulations, 2011
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 199
- Reg. 29(1)
- Reg. 29
- Reg. 29(3)
- Reg. 30(3)
- Reg. 30(1)
- Reg. 30
Parties
- Padma Impex Private Limited
Holding
The Noticee violated regulation 29(1) read with regulation 29(3) and regulations 30(1) and 30(2) read with 30(3) of SAST Regulations, 2011 by making delayed disclosures, and is liable for a consolidated penalty of Rs. 1,01,000 under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in respect of Padma Impex Private Limited in the matter of Kailash Auto Finance Limited Page 2 of 16 regulations 30(1) & 30(2) read with regulation 30(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as ‘SAST Regulations, 2011’) as against the due date of compliance with a delay, the details of which are as under:
Adjudication Order in respect of Padma Impex Private Limited in the matter of Kailash Auto Finance Limited Page 3 of 16 29(3) and regulations 30(1) & 30(2) read with regulation 30(3) of SAST Regulations, 2011 as specified in the said SCN.
Adjudication Order in respect of Padma Impex Private Limited in the matter of Kailash Auto Finance Limited Page 4 of 16 copies of the aforesaid notices sent through ERO, after follow-ups, ERO intimated on December 05, 2016 that the delivery of the same could not be effected.
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Source: SecMarx — sebi:AO/SG-VS/EAD/70/2017. 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.