sebi:BM/AO-69/2010
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Facts / Headnote
Proceedings disposed of without imposition of penalty; allegation of violation of Regulation 7(1A) held not established against the Noticee.
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
Regulations
- Reg. 7
- Reg. 11
Parties
- Gayatridevi Bajaj
Holding
The Adjudicating Officer held that the Noticee, Gayatridevi Bajaj, did not violate Regulation 7(1A) of the Takeover Regulations as there was no acquisition or purchase of shares by her, and consequently no penalty was imposed under Section 15A(b) of the SEBI Act.
Full text
Page 2 of 8 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 8 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 8 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-69/2010. 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.