sebi:CFD/CV/AO/DRK/AKS/EAD-3/292/58-11
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Facts / Headnote
Penalty imposed on the noticee for violation of Regulation 8 (2) of the Takeover Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 8
Parties
- Shri C Vasan
Holding
The noticee, Shri C Vasan, was held to have failed to comply with Regulation 8 (2) of the Takeover Regulations during the period 2003-2009, and a penalty of Rs. 1,00,000 was imposed under Section 15A (b) of the SEBI Act.
Full text
Page 2 of 8 provision of Regulation 8 (2) of the Takeover Regulations during the period 2003-2010. APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 8 said hearing notice which was sent by Registered Post Acknowledgement Due came back undelivered. 6. At the time of hearing of the Company in the same adjudication proceedings, its authorized representative, Smt. Lakshmmi Subramanian undertook to appear on behalf of the noticee on 23/09/2011 at 02:30 pm.
Page 4 of 8 CONSIDERATION OF EVIDENCE AND FINDINGS 10. I have taken into consideration the facts and circumstances of the case and the material made available on record. The allegation in the present matter is that the noticee had failed to comply with Regulation 8 (2) of the Takeover Regulations during the period 2003-2010.
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Source: SecMarx — sebi:CFD/CV/AO/DRK/AKS/EAD-3/292/58-11. 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.