sebi:EAD/PM-AB/AO/52/2018-19
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Facts / Headnote
Monetary penalty of Rs. 2,00,000 imposed for delayed disclosures
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 13(4)
- Reg. 3(i)
- Reg. 13(5)
- Reg. 12(2)
Parties
- Joseph Massey
Holding
The Noticee violated Regulation 13(4) read with Regulation 13(5) of the PIT Regulations, 1992 on two counts by delayed disclosure of MCX share sales, and a monetary penalty of Rs. 2,00,000 was imposed under section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Joseph Massey in the matter of MCX Page 2 of 8 violations of provisions of Regulation 3(i) and Regulation 13(4) read with Regulation 13(5) of PIT Regulations, 1992 of read with Regulation 12(2) of PIT Regulations, 2015 by the Noticee. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
Adjudication Order in respect of Joseph Massey in the matter of MCX Page 3 of 8 submissions. The Noticee also sought three days time to file written
Adjudication Order in respect of Joseph Massey in the matter of MCX Page 4 of 8 Continual Disclosure 13(4) Any person who is a director or officer of a listed company, shall disclose to the company and the stock exchange where the securities are listed in Form D, the total number of shares or voting rights held and change in shareholding or voting rights, if there has been a change in such holdings of such person and his dependents (as defined by the company) from the last disclosure made under sub-regulation (2) or under this sub regulation, and the change exceeds Rs. 5 lakh in value or 25,000 shares or 1% of total shareholding or voting rights, whichever is lower. 13(5). The disclosure mentioned in sub-regulations (3), (4) and (4A) shall be made within two working days of: (a) the receipts of intimation of allotment of shares, or (b) the acquisition or sale of shares or voting rights, as the case may be.
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Source: SecMarx — sebi:EAD/PM-AB/AO/52/2018-19. 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.