sebi:EAD-12/SM/58/2018-19
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Facts / Headnote
Noticee held liable and monetary penalty of Rs 2,00,000 imposed under Section 15A(b)
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 199
- Reg. 13(1)
- Reg. 7(1)
- Reg. 12
- Reg. 29
- Reg. 201
- Reg. 29(1)
Parties
- Vipul Patel
Holding
Noticee Vipul Patel violated Regulation 29(1) read with 29(3) of SAST 2011 and Regulation 13(1) of PIT 1992 read with Regulation 12 of PIT 2015 by failing to disclose acquisition crossing 5% in Super Domestic Machines Ltd. A single monetary penalty of Rs 2,00,000 under Section 15A(b) was imposed.
Full text
In the matter of Super Domestic Machines Ltd. Page 2 of 7 7. Company, in its reply dated September 14, 2016 has confirmed that it had received disclosures under SAST 2011 and PIT 1992 from certain entities during the investigation period which does not include Noticee.
In the matter of Super Domestic Machines Ltd. Page 3 of 7 Depository Participant Total No. of Shares as on 16-01- 2015 Skung Tradelink Limited 84,600 Bhansali Value Creations Pvt. Ltd. 38,600 Berkely Securities Ltd. 79,800
In the matter of Super Domestic Machines Ltd. Page 4 of 7 Consideration of Issues, Evidence and Findings 15. I have carefully perused the charge levelled against Noticee in the SCN and all the documents available on record. In the instant matter, the following issues arise for consideration and determination in respect of
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Source: SecMarx — sebi:EAD-12/SM/58/2018-19. 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.