sebi:BM/AO-66/2010
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Facts / Headnote
Penalty imposed on the Noticee for violation of Regulation 7(1A) of Takeover Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
Regulations
- Reg. 7
- Reg. 11
Parties
- Aishwariya Bajaj
Holding
The Noticee, along with other promoters/PACs, violated Regulation 7(1A) of the Takeover Regulations by failing to disclose within two days the off-market acquisition of shares that aggregated more than 2% of the paid-up capital. A penalty of Rs. 60,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
Page 2 of 13 company was listed on Bombay Stock Exchange (hereinafter referred to as BSE) and Madhya Pradesh Stock Exchange (hereinafter referred to as MPSE) at the relevant time.
Page 3 of 13 Imposing Penalty by Adjudicating Officer) Rules, 1995 (hereinafter referred to as the ‘Rules’) to inquire into and adjudge under Section 15A (b) of the SEBI Act for the alleged violation of Regulations 7(1A) of Takeover Regulations committed by the Noticee.
Page 4 of 13 any manner, you will further appreciate that there was no intentional violation/ contravention of the provisions of regulation 7(1A) at our end and we request you for not to make us liable to be punished for any penalty U/s 15A(b) of SEBI Act, 1992.
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Source: SecMarx — sebi:BM/AO-66/2010. 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.