sebi:CFD-DCR/WNL/AO/DRK-DS/EAD3-366/32-2013
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Facts / Headnote
Penalty imposed on the noticee for violation of Regulation 8(3) of the SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 8(3)
Parties
- Women Networks Limited [Currently known as Pagaria Energy Limited]
Holding
The noticee was held liable for violating Regulation 8(3) of the SAST Regulations by failing to make yearly disclosures to stock exchanges within the prescribed time for 12 consecutive years, and a penalty of Rs. 2,50,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
Page 2 of 9 Section 15A(b) of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as the ‘SEBI Act’) the alleged violation of Regulation 8(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997 (hereinafter referred to as the ‘SAST Regulations’) committed by the noticee.
Page 3 of 9 5 8(3) 30.04.2002 29.03.2010 2,888 6 8(3) 30.04.2003 29.03.2010 2,523 7 8(3) 30.04.2004 29.03.2010 2,158 8 8(3) 30.04.2005 29.03.2010 1,793 9 8(3) 30.04.2006 29.03.2010 1,428 10 8(3) 30.04.2007 29.03.2010 1,063 11 8(3) 30.04.2008 29.03.2010 698 12 8(3) 30.04.2009 29.03.2010 333
Page 4 of 9 Director (Authorised Representative/AR) shall attend the hearing on behalf of the noticee on May 27, 2013. The AR of the noticee appeared for the hearing and made the following submissions:
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Source: SecMarx — sebi:CFD-DCR/WNL/AO/DRK-DS/EAD3-366/32-2013. 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.