sebi:EAD-2/DSR/PU/204/2014
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Facts / Headnote
Penalty imposed on Noticee for delayed disclosure
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 30(3)
- Reg. 30
- Reg. 30(2)
Parties
- Rajamani
Holding
The Noticee violated Regulation 30(2) read with Regulation 30(3) of the Takeover Regulations, 2011 by making delayed disclosures of aggregate shareholding, and is liable for a monetary penalty of Rs. 1,00,000 under Section 15A(b) of the SEBI Act.
Full text
Page 2 of 6 Appointment of Adjudicating Officer 3. SEBI has, therefore, initiated Adjudication proceedings and I have been appointed as the Adjudicating Officer vide order dated April 02, 2014 under Section 15 I of the 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 6 Consideration of Issues, Evidence and Findings 7. I have carefully perused the charges leveled against the Noticee in the SCN and all the documents available on record. In the instant matter, the following issues arise for consideration and determination:
Page 4 of 6 violated Regulation 30 (2) read with Regulation 30 (3) of the Takeover Regulations,2011. 10. I find that Noticee has not made any submissions in the matter. In view of this, I conclude that the Noticee has made delayed disclosures under the relevant provisions of Takeover Regulations, 2011 warranting imposition of monetary
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Source: SecMarx — sebi:EAD-2/DSR/PU/204/2014. 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.