sebi:ASK/RGA/AO/76/2014
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Facts / Headnote
Penalty imposed on Noticee for violation of regulation 13(1) of PIT Regulations, 1992
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 13
- Reg. 13(1)
Parties
- M/s Virtuous Share Investments Pvt Ltd
Holding
The Noticee violated regulation 13(1) of PIT Regulations, 1992 by failing to disclose its shareholding exceeding 5% of SPARL within two working days of receipt of intimation of allotment, and a monetary penalty of Rs. 3,00,000/- was imposed under section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication order in respect of M/s Virtuous Share Investments Pvt Ltd. in the matter of Sun Pharma Advanced Research Co. Ltd. Page 2 of 9 August 27, 2014 2013 to April 30, 2013 (hereinafter referred to as 'examination period').
Adjudication order in respect of M/s Virtuous Share Investments Pvt Ltd. in the matter of Sun Pharma Advanced Research Co. Ltd. Page 3 of 9 August 27, 2014 personal hearing on August 20, 2014 vide notice dated July 21, 2014. The Authorized Representative appeared on behalf of the Noticee and reiterated the submissions of the Noticee and sought two days time for filing additional written submissions. Accordingly, vide letter dated August 25, 2014 the Noticee filed additional written submissions.
Adjudication order in respect of M/s Virtuous Share Investments Pvt Ltd. in the matter of Sun Pharma Advanced Research Co. Ltd. Page 4 of 9 August 27, 2014 Finding
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Source: SecMarx — sebi:ASK/RGA/AO/76/2014. 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.