sebi:EAD-2/DSR/RG/PU/180/2014
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Facts / Headnote
Penalty of Rs 6,00,000 imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 8
- Reg. 8(3)
Parties
- Gee Gee Granites Ltd.
Holding
The Noticee violated Regulation 8(3) of the Takeover Regulations by failing to make yearly disclosures for 10 years from 2001 to 2006 and 2008 to 2011 and is liable for monetary penalty under Section 15A(b) of the SEBI Act. A penalty of Rs 6,00,000 was imposed on Gee Gee Granites Ltd.
Full text
Page 2 of 7 Show Cause Notice, Reply and Personal Hearing 3. A show cause notice dated May 20, 2014 (hereinafter referred to as 'SCN') was issued to the Noticee under Rule 4(1) of the said Rules to show cause as to why an inquiry should not be held and
Page 3 of 7 to prolong the present adjudication proceedings . In view of the above, I am proceeding further in the matter on the basis of the material available on record.
Page 4 of 7 Regulation Due date of compliance Date of compliance Delay- in number of days 8 (3) 30/04/2001 02/09/2013 4508 8 (3) 30/04/2002 02/09/2013 4143 8 (3) 30/04/2003 02/09/2013 3778 8 (3) 30/04/2004 02/09/2013 3412 8 (3) 30/04/2005 02/09/2013 3047 8 (3) 30/04/2006 02/09/2013 2682 8 (3) 30/04/2008 06/08/2008 98 8 (3) 30/04/2009 15/07/2009 76 8 (3) 30/04/2010 14/10/2011 532 8 (3) 30/04/2011 02/09/2011 125
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Source: SecMarx — sebi:EAD-2/DSR/RG/PU/180/2014. 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.