sebi:EAD-3/JS/SP/46/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 29(1)
- Reg. 13(5)
- Reg. 29
- Reg. 29(3)
- Reg. 12(2)
Parties
- Regus Impex P Ltd.
Holding
Regus Impex P Ltd. was held to have violated Regulation 13(1) read with Regulation 13(5) of the PIT Regulations and Regulation 29(1) read with Regulation 29(3) of the Takeover Regulations by making delayed disclosures, and a monetary penalty of Rs.3,50,000 under Section 15A(b) of the SEBI Act was imposed.
Full text
Adjudication Order against Regus Impex P Ltd. in the matter of Falcon Tyres Ltd. Page 2 of 9 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order against Regus Impex P Ltd. in the matter of Falcon Tyres Ltd. Page 3 of 9 8. In terms of Rule 7(d) of Adjudication Rules, the details of referred SCN and Hearing notices dated February 05, 2018 and March 20, 2018, were published in the newspaper in the edition of “The Times of India” and “Anandabazar Patrika” on May 11, 2018. Also, vide the publication, Regus was granted an opportunity of personal hearing to appear on May 22, 2018. However, on the date of hearing, Regus failed to appear before the Adjudicating Officer.
Adjudication Order against Regus Impex P Ltd. in the matter of Falcon Tyres Ltd. Page 4 of 9 dated June 12, 2018 was emailed to regus.imp@gamil.com, email id provided by Regus, which was delivered as there are no intimation of non-delivery. The letter dated June 12, 2018 was uploaded on SEBI website under the heading “Unserved Summons/ Notices”.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:EAD-3/JS/SP/46/2018. 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.