sebi:ASK/RGA/AO/83/2014-15
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Facts / Headnote
Penalty imposed on the Noticee for violation of regulation 8(A)(3) of SAST Regulations, 1997
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 8(A)(3)
Parties
- Ms. Anjali Annasaheb Mohite
Holding
The Noticee, a promoter of Abhishek Corporation Ltd., violated regulation 8(A)(3) of SAST Regulations, 1997 by failing to inform the company within 7 working days of invocation of pledge on two occasions, and a monetary penalty of Rs. 5,00,000/- was imposed under section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication order in respect of Ms. Anjali Annasaheb Mohite in the matter of M/s Abhishek Corporation Ltd. Page 2 of 8 September 24 , 2014
Adjudication order in respect of Ms. Anjali Annasaheb Mohite in the matter of M/s Abhishek Corporation Ltd. Page 3 of 8 September 24 , 2014 September 16, 2014 vide notice dated September 01, 2014. The Authorized Representative appeared on behalf of the Noticee and admitted the charges leveled in the SCN. Noticee submitted that they would file written submissions on or before September 22, 2014. Accordingly, Noticee filed their submissions vide letter dated September 20, 2014. CONSIDERATION OF ISSUES AND FINDINGS
Adjudication order in respect of Ms. Anjali Annasaheb Mohite in the matter of M/s Abhishek Corporation Ltd. Page 4 of 8 September 24 , 2014 Finding
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Source: SecMarx — sebi:ASK/RGA/AO/83/2014-15. 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.