sebi:EAD/SR/SM/AO/103-105/2018-19
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Facts / Headnote
Penalty imposed on Noticees for failure to make disclosures under SAST Regulations, 2011
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 23
Regulations
- Reg. 29(1)
- Reg. 29(2)
- Reg. 2(q)
Parties
- Darshan Mahendra Shah
- Neha Darshan Shah
- Marketpulse Finsoft Pvt. Ltd.
Holding
The Noticees violated regulations 29(1) and 29(2) read with 29(3) of SAST Regulations, 2011 by failing to make required disclosures to BSE and FCGCL within two working days of acquisitions and disposals of shares crossing 5% and changing by more than 2%. A penalty of Rs. 4,00,000/- was imposed jointly and severally on the Noticees under section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication Order against Darshan Mahendra Shah, Neha Darshan Shah and Marketpulse Finsoft Pvt. Ltd. in the matter of Finalysis Credit & Guarantee Company Ltd Page 2 of 14
Adjudication Order against Darshan Mahendra Shah, Neha Darshan Shah and Marketpulse Finsoft Pvt. Ltd. in the matter of Finalysis Credit & Guarantee Company Ltd Page 3 of 14
Adjudication Order against Darshan Mahendra Shah, Neha Darshan Shah and Marketpulse Finsoft Pvt. Ltd. in the matter of Finalysis Credit & Guarantee Company Ltd Page 4 of 14
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Source: SecMarx — sebi:EAD/SR/SM/AO/103-105/2018-19. 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.