sebi:EAD-2/SS/VS/2019-20/2716
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Facts / Headnote
Penalty imposed on Noticee for delayed/failed disclosures under PIT Regulations; allegation under SAST Regulations not sustained
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
- s. 173
Regulations
- Reg. 13
- Reg. 3
- Reg. 2
- Reg. 13(4)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 30(1)
- Reg. 1
Parties
- Sarvodaya Impex Private Limited
Holding
The Noticee's failure to make timely disclosures under regulation 13(4A) read with regulation 13(5) of PIT Regulations for three off-market transfers was established, warranting a penalty of ₹1,00,000 under Section 15A(b) of the SEBI Act. However, the allegation of violation of regulation 29(2) read with regulation 29(3) of SAST Regulations was not sustained as the transaction did not breach the specified threshold.
Full text
________________________________________________________________________ Adjudication Order in the matter of Shree Shaleen Textile Limited Page 2 of 10 (File Ref No.: EAD-2/SS/VS/4/7/2019-20)
________________________________________________________________________ Adjudication Order in the matter of Shree Shaleen Textile Limited Page 3 of 10 (File Ref No.: EAD-2/SS/VS/4/7/2019-20)
________________________________________________________________________ Adjudication Order in the matter of Shree Shaleen Textile Limited Page 4 of 10 (File Ref No.: EAD-2/SS/VS/4/7/2019-20)
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Source: SecMarx — sebi:EAD-2/SS/VS/2019-20/2716. 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.