sebi:EAD-2/SS/VS/2018-19/2270-2280
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Facts / Headnote
Monetary penalty imposed on Noticees No. 2, 3, 4, 5, 6, 7, 9, 10 and 11 for failure to disclose change in shareholding under Regulation 7(1A) read with Regulation 7(2) of the SAST Regulations
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
- s. 15
- s. 15F
Regulations
- Reg. 7
- Reg. 11
- Reg. 2(1)(b)
- Reg. 11(1)
- Reg. 7(2)
- Reg. 2(1)(e)(2)
Holding
The Noticees (Tutis Group entities) were found to have acted as Persons Acting in Concert (PACs) and failed to make disclosures to the stock exchange and company when their combined shareholding changed by more than 2%, in violation of Regulation 7(1A) read with Regulation 7(2) of the SAST Regulations, warranting imposition of monetary penalty under Section 15A(b) of the SEBI Act.
Full text
___________________________________________________________________________________ Adjudication Order in the matter of Mindvision Capital Limited Page 2 of 31 (Ref No.: EAD-2/SS/VS/58/136-146/2018-19)
___________________________________________________________________________________ Adjudication Order in the matter of Mindvision Capital Limited Page 3 of 31 (Ref No.: EAD-2/SS/VS/58/136-146/2018-19)
___________________________________________________________________________________ Adjudication Order in the matter of Mindvision Capital Limited Page 4 of 31 (Ref No.: EAD-2/SS/VS/58/136-146/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/VS/2018-19/2270-2280. 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.