sebi:EAD-8/JS/SP/55/2018-19
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Facts / Headnote
Violation of Regulation 29(1) read with Regulation 29(3) of SAST Regulations and Regulation 13(1) of PIT Regulations established; monetary penalty of Rs. 4,00,000 imposed under Section 15A(b); charge under Regulation 13(5) disposed off
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 13(1)
- Reg. 13(3)
- Reg. 29(1)
- Reg. 13(5)
- Reg. 29(3)
Parties
- Payal Jayeshbhai Madiyar
Holding
Payal Jayeshbhai Madiyar violated Regulation 29(1) read with Regulation 29(3) of SAST Regulations and Regulation 13(1) of PIT Regulations by failing to disclose change in holdings crossing 5%, and is liable for monetary penalty of Rs. 4,00,000 under Section 15A(b) of SEBI Act, while the charge under Regulation 13(5) of PIT Regulations is disposed off.
Full text
Adjudication Order in the matter of Excel Castronics Ltd- Noticee Payal Jayeshbhai Madiyar Page 2 of 10 SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication Order in the matter of Excel Castronics Ltd- Noticee Payal Jayeshbhai Madiyar Page 3 of 10 records. Also, the letter dated June 19, 2018 was uploaded in SEBI website under the heading “Unserved Notices/SCN”.
Adjudication Order in the matter of Excel Castronics Ltd- Noticee Payal Jayeshbhai Madiyar Page 4 of 10 corroborated from certain disclosures of Payal made available on the Exchange website.
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Source: SecMarx — sebi:EAD-8/JS/SP/55/2018-19. 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.