sebi:EAD-3/ORDER/JS/SP/3029/2019-20
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Facts / Headnote
Proceedings established; monetary penalties imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 12(1)
- Reg. 10
- Reg. 13(3)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 7(2)
- Reg. 8A(3)
- Reg. 8A(4)
- Reg. 8A
Parties
- MJVVD Prakash
Holding
The Adjudicating Officer held that MJVVD Prakash violated disclosure requirements under PIT and SAST Regulations and failed to make an open offer under Regulation 10 of SAST Regulations, imposing penalties of Rs. 9,00,000 under Section 15A(b) and Rs. 25,00,000 under Section 15H(ii) of the SEBI Act.
Full text
Adjudication Order passed in respect of Prakash, in the matter of Ranklin Solutions Ltd. Page 2 of 10 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order passed in respect of Prakash, in the matter of Ranklin Solutions Ltd. Page 3 of 10 of hearing before the Adjudicating Officer on May 09, 2018, which was subsequently rescheduled by then Adjudicating Officer.
Adjudication Order passed in respect of Prakash, in the matter of Ranklin Solutions Ltd. Page 4 of 10 were miniscule. We submit that the liquidity in the scrip was quite good and thus heavily traded. The alleged trades were little quantum and the said trades could not have affected the prices or otherwise mattered.
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Source: SecMarx — sebi:EAD-3/ORDER/JS/SP/3029/2019-20. 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.