sebi:EAD-2/SS/GSS/2018-19/918-924
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Facts / Headnote
Show Cause Notice disposed of; no monetary penalty imposed on the Noticees
Provisions invoked
- s. 11B
- s. 15H
- s. 15I
- s. 15J
- s. 15
Regulations
- Reg. 7
- Reg. 6
- Reg. 11
- Reg. 3
- Reg. 2(1)(e)
- Reg. 2(1)
- Reg. 10
- Reg. 8
- Reg. 14
- Reg. 14(1)
- Reg. 11(1)
- Reg. 8(3)
- Reg. 3(1)
- Reg. 11(2)
- Reg. 3(4)
- Reg. 20(4)
- Reg. 20(5)
- Reg. 3(1)(e)
- Reg. 2(1)(e)(1)
Parties
- Saraf Holdings Pvt. Ltd.
- Surface Holdings Pvt. Ltd.
- Tower Properties Pvt. Ltd.
- Aradhita Saraf
- Shyam Sunder Saraf (deceased)
- Rama Devi Saraf
- Sujata Saraf
- Dev Saraf
Holding
The Adjudicating Officer held that the case did not warrant imposition of any monetary penalty on the Noticees under Section 15H(ii) of the SEBI Act for the alleged non-compliance with Regulation 11 of the Takeover Regulations, and disposed of the SCN accordingly.
Full text
______________________________________________________________________________ Adjudication Order in the matter of Comfort Fincap Ltd. Page 2 of 33 (File Ref No.: EAD-2/SS/GSS/14/18-24/2018-19)
______________________________________________________________________________ Adjudication Order in the matter of Comfort Fincap Ltd. Page 3 of 33 (File Ref No.: EAD-2/SS/GSS/14/18-24/2018-19)
______________________________________________________________________________ Adjudication Order in the matter of Comfort Fincap Ltd. Page 4 of 33 (File Ref No.: EAD-2/SS/GSS/14/18-24/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/GSS/2018-19/918-924. 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.