sebi:BM/AO-150/2013
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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. 7(1)
- Reg. 11
- Reg. 3
- Reg. 10
- Reg. 13(4)
- Reg. 3(4)
- Reg. 1
- Reg. 3(1)(e)
- Reg. 3(5)
Parties
- Sohesh Prakash Shah
Holding
The Noticee violated Regulation 7(1), 7(1A) read with 7(2) and Regulation 3(4) read with 3(5) of SAST Regulations and Regulation 13(4) read with 13(5) of PIT Regulations, and a monetary penalty of Rs. 4,00,000 under Section 15A(b) of SEBI Act was imposed.
Full text
______________________________________________________________________________________ Sohesh Prakash Shah in the matter of DJS Shares and Stocks Limited Page 2 of 19 prescribed under Regulation 10 of SAST Regulation. Since the transaction was inter‐ se transfer amongst the promoters, Noticee was required to file report under Regulation 3(4) of SAST Regulations to SEBI. It was observed that Noticee failed to submit necessary report within time limit as prescribed under the Regulation.
______________________________________________________________________________________ Sohesh Prakash Shah in the matter of DJS Shares and Stocks Limited Page 3 of 19 SHOW CAUSE NOTICE, HEARING AND REPLY
______________________________________________________________________________________ Sohesh Prakash Shah in the matter of DJS Shares and Stocks Limited Page 4 of 19 Coimbatore. The Company was promoted by Mr. Prakash Devidas Shah with the main object to inter‐alia carries out share broking activity. The Company came out with the Public issue of 30,30,400 shares in January 1995 and made Preferential allotment of 10,00,000 shares in June 1997. Thereafter the Company has not made any further issue of share capital till October 2012. During October 2012, Company allotted Bonus shares in the ratio of 1:2 and split face value from Rs.10/to Rs.1/‐.
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Source: SecMarx — sebi:BM/AO-150/2013. 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.