sebi:EAD-2/DSR/PU/179/2014
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Facts / Headnote
Penalty of Rs. 5,00,000 imposed on the Noticee under Section 15A(b) of the SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 8
- Reg. 8(3)
Parties
- One Source Ideas Venture Limited (erstwhile Anugraha Jewellers Ltd.)
Holding
The Noticee violated Regulation 8(3) of the Takeover Regulations by failing to make yearly disclosures within the prescribed time and is liable for monetary penalty under Section 15A(b) of the SEBI Act. A penalty of Rs. 5,00,000 was imposed on One Source Ideas Venture Limited (erstwhile Anugraha Jewellers Ltd.).
Full text
Page 2 of 8 I of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as 'SEBI Act') read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as 'said Rules') to inquire into and adjudge under Section 15A(b) of the SEBI Act, the alleged violation of the provisions of law by the Noticee.
Page 3 of 8 Consideration of Issues, Evidence and Findings 4. I have carefully perused the charges leveled against the Noticee as mentioned in the SCN, written submissions made and all the documents available on record. In the instant matter, the following issues arise for consideration and determination:
Page 4 of 8 Regulation Due date of compliance Actual date of compliance Delay BSE CoSE MSE 8 (3) 30/04/2001 * * * 8 (3) 30/04/2002 * * *
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Source: SecMarx — sebi:EAD-2/DSR/PU/179/2014. 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.