sebi:ASK/RGA/AO/57/2014
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Facts / Headnote
Penalty of Rs 4,00,000 imposed on Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 11(1)
- Reg. 2(b)
- Reg. 7(2)
- Reg. 11
- Reg. 2
Parties
- Mr. Hozef Darukhanawala
Holding
The Noticee violated regulation 7(1A) read with 7(2) of SAST Regulations, 1997 by delayed disclosure of sales exceeding 2% on three dates. A monetary penalty of Rs 4,00,000 under section 15A(b) of the SEBI Act was imposed.
Full text
Adjudication order in the matter of Zodiac Ventures Ltd. Page 2 of 11 March 28, 2014 payable in cash representing 16.96% of the emerging voting share of the Target Company.
Adjudication order in the matter of Zodiac Ventures Ltd. Page 3 of 11 March 28, 2014 5. It was alleged in the SCN that Noticee has violated regulation 7(1A) read with 7(2) of SAST Regulations, 1997.
Adjudication order in the matter of Zodiac Ventures Ltd. Page 4 of 11 March 28, 2014 Noticee also submitted that he will submit copies of disclosures made by him under regulation 7(1A) read with 7(2) of SAST Regulations, 1997 on or before March 26, 2014. However, vide e-mail dated March 28, 2014 Noticee stated that company is unable to trace the copies of filings made by the Noticee and requested to treat the filings as appearing on the BSE website as proof of filings made by him.
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Source: SecMarx — sebi:ASK/RGA/AO/57/2014. 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.