sebi:ASK/AO/12/2014-15
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Noticee for violation of PIT Regulations and SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 4A
- s. 46
Regulations
- Reg. 4
- Reg. 13
- Reg. 10
- Reg. 13(1)
- Reg. 13(3)
- Reg. 29(1)
- Reg. 29
- Reg. 1
- Reg. 2
- Reg. 13(4)
- Reg. 13(5)
- Reg. 201
- Reg. 24
Parties
- Sicom Limited
Holding
The Noticee, Sicom Limited, violated regulations 13(1) and 13(3) read with 13(5) of PIT Regulations and regulations 29(1) and 29(2) read with 29(3) of SAST Regulations by failing to make required disclosures after invoking pledges on shares of Raj Oil Mills Limited. A penalty of Rs. 5,00,000 was imposed under section 15A(b) of the SEBI Act.
Full text
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Sicom Limited in the matter of Raj Oil Mills Limited
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Sicom Limited in the matter of Raj Oil Mills Limited
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Sicom Limited in the matter of Raj Oil Mills Limited
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Source: SecMarx — sebi:ASK/AO/12/2014-15. 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.