sebi:EAD-2/SS/VS/2018-19/2168
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
- s. 15
- s. 15F
Regulations
- Reg. 29(1)
- Reg. 29(3)
Parties
- Sai Mangesh Consultancy
Holding
The Noticee violated regulation 29(1) read with regulation 29(3) of the SAST Regulations by failing to timely disclose its acquisition of 2,00,000 shares of Citizen Yarns Limited crossing 5%. A monetary penalty of Rs. 1,00,000 was imposed on Sai Mangesh Consultancy under section 15A(b) of the SEBI Act.
Full text
______________________________________________________________________________________ Adjudication Order in the matter of Citizen Yarns Limited Page 2 of 6 (Ref No.: EAD-2/SS/VS/55/131/2018-19)
______________________________________________________________________________________ Adjudication Order in the matter of Citizen Yarns Limited Page 3 of 6 (Ref No.: EAD-2/SS/VS/55/131/2018-19)
______________________________________________________________________________________ Adjudication Order in the matter of Citizen Yarns Limited Page 4 of 6 (Ref No.: EAD-2/SS/VS/55/131/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/VS/2018-19/2168. 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.