sebi:EAD-12/SM/217-222/2018
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Facts / Headnote
Monetary penalties imposed on all six Noticees for failure to make timely disclosures under PIT and SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15I
Regulations
- Reg. 13
- Reg. 199
- Reg. 13(1)
- Reg. 13(3)
- Reg. 3
- Reg. 5
- Reg. 29(2)
- Reg. 12
- Reg. 29(1)
- Reg. 12(2)
Parties
- Frontline Bhoomi Vistar Pvt. Ltd. (Noticee No. 1)
- Freshlime Media Productions Pvt. Ltd. (Noticee No. 2)
- Violet Media Pvt. Ltd. (Noticee No. 3)
- Livingroom Furnitures LLP (Noticee No. 4)
- Deepak Pandurang Vikhape (Noticee No. 5)
- Jinesh Devendra Bhatt (Noticee No. 6)
Holding
All six Noticees were found guilty of violating PIT 1992/2015 and SAST Regulations by failing to make timely disclosures of changes in shareholding, and monetary penalties of Rs. 2,00,000 each were imposed under Section 15A(b) of the SEBI Act, 1992.
Full text
In the matter of Inanna Fashion and Trends Limited Page 2 of 8 1.4 Mr. Deepak Pandurang Vikhape (hereinafter referred as Noticee No 5) had violated Regulation 13(1) and 13(3) read with 13(5) of PIT 1992 read with Regulation 12(2) of PIT 2015, Regulation 29(1) and 29(2) read with 29(3) of SAST Regulations
In the matter of Inanna Fashion and Trends Limited Page 3 of 8 Regulation 29(1) of SAST Regulations. It was alleged that Notice no. 4 made the required disclosures under PIT and SAST Regulations to the company and to the Exchange belatedly by January 13, 2015.
In the matter of Inanna Fashion and Trends Limited Page 4 of 8 Show Cause Notice, Reply and Personal Hearing 11. Based on the findings, Show Cause Notice dated September 26, 2017 ("SCN") and Supplementary SCN dated February 02, 2018 was issued to all Noticees.
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Source: SecMarx — sebi:EAD-12/SM/217-222/2018. 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.