sebi:BS/AO-63/2008
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Facts / Headnote
Adjudication proceedings disposed of; no penalty imposed
Provisions invoked
- s. 15A
Regulations
- Reg. 7
- Reg. 11
Parties
- Shri Rakesh Damani
- Smt. Suchita Damani
- Smt. Nandita Damani
Holding
The adjudication proceedings against the noticees were disposed of as the noticees had made the necessary disclosures under Regulations 7(1A) and 7(2) of the Takeover Regulations within the stipulated time, as evidenced by acknowledgements from the Bombay Stock Exchange.
Full text
2 noticees. The said violation attracts penalty under the provisions of Section 15A (b) of the SEBI Act and hence adjudication proceedings were initiated against the noticees. NOTICE AND REPLY
3 them earlier. Subsequently, the noticees submitted that vide their letter dated October 21, 2008 addressed to the Bombay Stock Exchange they had requested BSE for a certified copy of their disclosures for production before SEBI. The copy of this letter was also submitted by the noticees CONSIDERATION OF EVIDENCE AND FINDINGS
4 Non-compliance by Smt. Suchita Damani Non-compliance by Smt. Nandita Damani Sr. No. Entity to whom shares sold Due Date for compliance Regulation/ Sub- regulation applicable Delay, if any
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Source: SecMarx — sebi:BS/AO-63/2008. 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.