sebi:CO/CFD-DCR/1040/AO/SD/19/2009
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Facts / Headnote
Adjudication proceedings disposed of via consent on payment of settlement and administrative charges
Provisions invoked
- s. 15
Regulations
- Reg. 3(3)
Holding
This consent order disposes of the adjudication proceedings against the Noticees for alleged violation of Regulations 3(3), 3(4) & 3(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 in the acquisition of 6,15,900 (25.66%) shares/voting rights of M/s Luminaire Technologies Limited, on payment of Rs. 1,00,000 without admission or denial of guilt.
Full text
Page 2 of 5 Persons Acting in Concert (PACs) 1. Mr. Anjesh Gourh 2. M/s Antariksha Capital & Finance (India) Pvt. Ltd. 3. M/s Antariksha Securities Pvt. Ltd 4. Ms. Beena Javeria 5. Ms. Bimla S. Gupta 6. Mr. Dharamprakash Motilal Dixit 7. Mr. Gaurav Gaur 8. M/s Hizin Trading Company Pvt. Ltd 9. Mr. Kumar Iyer 10. M/s Likhit Finance Pvt. Ltd 11. Mr. Manish Javeria 12. Ms. Manju Javeria 13. M/s Marut Apparels Pvt. Ltd 14. Mr. Mishra R K 15. Ms. Nalani Mishra 16. M/s Paysan Publishers Pvt. Ltd 17. Mr. Rajbhushan Dixit 18. Mr. Ranjan Gaur 19. M/s.Richmond Investment Pvt. Ltd 20. Ms. Rima Dixit 21. Mr. Satyendra Javeria 22. M/s. Sealord Colonizers Pvt. Ltd 23. M/s. Sepal Mercantile Company Pvt. Ltd 24. Ms. Shiksha Sharma
Page 3 of 5 25. Mr. Surendra Pal Kashmiri 26. M/s Tarana Exports Pvt. Ltd 27. Mr. Vaibhav Sharma 28. M/s Vartula Holdings Pvt. Ltd 29. Ms. Vasanthi Iyer
Page 4 of 5 January 19, 2009 proposed collectively to pay Rs. 75,000/- towards settlement terms & Rs. 25,000/- towards administrative expenses in this matter. The terms as proposed by Noticee were placed before the High Powered Advisory Committee (HPAC) meeting held on March 12, 2009 and after considering the facts and circumstances of the case, the HPAC recommended that the case may be settled on payment of Rs. 75,000/- towards settlement charges plus Rs. 25,000/- towards administrative charges as offered by the Noticee which further has been approved by the panel of Whole Time Members of SEBI.
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Source: SecMarx — sebi:CO/CFD-DCR/1040/AO/SD/19/2009. 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.