sebi:EAD-2/SS/GSS/2018-19/910
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Facts / Headnote
Penalty imposed for violation of Regulation 11(2) of SEBI (SAST) Regulations, 1997
Provisions invoked
- s. 11B
- s. 15H
- s. 15I
- s. 15J
- s. 15
Regulations
- Reg. 11
- Reg. 10
- Reg. 14
- Reg. 14(1)
- Reg. 44
- Reg. 11(1)
- Reg. 3(1)
- Reg. 11(2)
- Reg. 20(5)
Parties
- Saraf Holdings Pvt. Ltd.
Holding
The Noticee violated Regulation 11(2) of the Takeover Regulations by acquiring 500 shares (0.07%) on October 04, 2005 without making a public announcement, and a penalty of Rs. 5 lakh was imposed. The earlier alleged acquisition of 2,000 shares on April 21, 2004 was dropped as it fell within the permissible creep-in limit of 5% under Regulation 11(1).
Full text
______________________________________________________________________________ Adjudication Order in respect of Saraf Holdings Pvt. Ltd. in the matter of Comfort Fincap Ltd. Page 2 of 15 (File Ref No.: EAD-2/SS/GSS/ 13/17/2018-19)
______________________________________________________________________________ Adjudication Order in respect of Saraf Holdings Pvt. Ltd. in the matter of Comfort Fincap Ltd. Page 3 of 15 (File Ref No.: EAD-2/SS/GSS/ 13/17/2018-19)
______________________________________________________________________________ Adjudication Order in respect of Saraf Holdings Pvt. Ltd. in the matter of Comfort Fincap Ltd. Page 4 of 15 (File Ref No.: EAD-2/SS/GSS/ 13/17/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/GSS/2018-19/910. 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.