sebi:EAD-7/BD/NR/2019-20/7307-7309
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violations established; monetary penalty imposed under Section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 7
- Reg. 29
- Reg. 6(2)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 7(2)
- Reg. 7(2)(a)
- Reg. 7(2)(b)
Parties
- Nutraplus India Ltd.
- Gita Mukesh Naik
- Nidhi Naik
Holding
Nutraplus India Ltd. violated Regulation 7(2)(b) of PIT Regulations, Gita Mukesh Naik violated Regulation 7(2)(a) of PIT Regulations, and Nidhi Naik violated Regulation 29(2) r/w 29(3) of SAST Regulations, and each is liable to monetary penalty under Section 15A(b) of SEBI Act amounting to Rs. 2,00,000, Rs. 1,00,000 and Rs. 1,00,000 respectively.
Full text
Adjudication Order in the matter of Nutraplus India Ltd., Page 2 of 17 “PIT Regulations”) and SEBI (Substantial Acquisition of Shares & Takeovers), 2011 (hereinafter referred to “SAST Regulations”) had violated the following provisions of SEBI (PIT) and SEBI (SAST) Regulations:
Adjudication Order in the matter of Nutraplus India Ltd., Page 3 of 17 No. of sharehold ers No. Of shares % No. of sharehol ders No. Of shares % Promoter Holding 7 39,07,500 59.25 7 39,06,100 35.00 Non Promoter Holding 6105 26,87,500 40.75 6191 72,55,848 65.00 Total share capital 6112 65,95,000 100.00 6198 1,11,63,348 100.00
Adjudication Order in the matter of Nutraplus India Ltd., Page 4 of 17 Sl. No. Date Total no of equity shares (Opening Balance) No of equity shares Particulars Total no of equity shares (Closing Balance) equity shares 9 11.08.2016 13335948 427160 Allotment of equity shares on conversion of warrants into equity shares 13763108 10 20.08.2016 13763108 472840 Allotment of equity shares on conversion of warrants into equity shares 14235948 11 25.08.2016 14235948 500000 Allotment of equity shares on conversion of warrants into equity shares 14735948 12 04.09.2016 14735948 100000 Allotment of equity shares on conversion of warrants into equity shares 14835948 13 11.09.2016 14835948 660000 Allotment of equity shares on conversion of warrants into equity shares 15495948 14 23.01.2017 15495948 1549595 Allotment of equity shares by way of bonus issue 17045543 15 27.02.2017 17045543 17045543 Stock split from face value of ` 10/- each to ` 5/- each 34091086
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-7/BD/NR/2019-20/7307-7309. 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.