sebi:EAD-2/SS/VS/2018-19/2343-2346
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Facts / Headnote
Penalty of Rs 3,00,000 imposed on Noticee No.1 Dash Pharmaceuticals Pvt Ltd under Section 15A(b) of the SEBI Act for violation of Regulation 7(1) read with Regulation 7(2) of the SAST Regulations; disclosure obligation held to be on the transacting acquirer only.
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 11
- Reg. 2(1)(b)
- Reg. 7(2)
Parties
- Dash Pharmaceuticals Pvt Ltd
- Mandvi Dyes And Chemicals Co Pvt Ltd
- Parachit Sales And Marketing (I) Pvt Ltd
- Tutis Technologies Ltd
Holding
Noticee No.1 Dash Pharmaceuticals Pvt Ltd violated Regulation 7(1) read with Regulation 7(2) of the SAST Regulations by failing to disclose its November 6, 2008 acquisition of 60,000 shares which took its consolidated holding with PACs over 14%, and is liable to a monetary penalty of Rs 3,00,000 under Section 15A(b) of the SEBI Act.
Full text
___________________________________________________________________________________ Adjudication Order in the matter of Mindvision Capital Limited Page 2 of 12 (Ref No.: EAD-2/SS/VS/62/150-153/2018-19)
___________________________________________________________________________________ Adjudication Order in the matter of Mindvision Capital Limited Page 3 of 12 (Ref No.: EAD-2/SS/VS/62/150-153/2018-19)
___________________________________________________________________________________ Adjudication Order in the matter of Mindvision Capital Limited Page 4 of 12 (Ref No.: EAD-2/SS/VS/62/150-153/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/VS/2018-19/2343-2346. 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.