sebi:EAD/SM/AO/02/2017-18
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Facts / Headnote
Violation found; monetary penalty of Rs. 1,00,000 imposed under Section 15A(b) of the SEBI Act, 1992, payable within 45 days
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 13
- Reg. 29
- Reg. 12(2)
Parties
- Mrs. Nisha Suman Jain
Holding
The Noticee violated Regulation 13(3) read with 13(5) of the PIT Regulations, 1992 read with Regulation 12(2) of the PIT Regulations, 2015 and Regulation 29(2) read with Regulation 29(3) of the SAST Regulations. She was held liable under Section 15A(b) of the SEBI Act and a monetary penalty of Rs. 1,00,000 was imposed.
Full text
Page 2 of 10 Order in the matter of Kamanwala Housing Construction Limited SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as “SAST Regulations”).
Page 3 of 10 Order in the matter of Kamanwala Housing Construction Limited Next opportunity of hearing to the Noticee was granted on July 10, 2017. AR Mr. Yash Suman Jain attended the hearing and made submissions thereon.
Page 4 of 10 Order in the matter of Kamanwala Housing Construction Limited rights held and change in shareholding or voting rights, even if such change results in shareholding falling below 5%, if there has been change in such holdings from the last disclosure made under sub-regulation (1) or under this sub-regulation; and such change exceeds 2% of total shareholding or voting rights in the company. (4) ………………….. (4A) ………………… (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/SM/AO/02/2017-18. 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.