sebi:EAD-9/SM/67-68/2018
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 7(1)
- Reg. 2(1)
- Reg. 199
- Reg. 13(1)
- Reg. 13(3)
- Reg. 2(1)(b)
- Reg. 13(5)
- Reg. 12
- Reg. 201
- Reg. 35
- Reg. 12(2)
Parties
- Jimish Jitendrabhai Soni
- Vaishali Jimish Soni
Holding
Jimish Jitendrabhai Soni and Vaishali Jimish Soni as PACs violated Regulation 7(1) read with 7(2) of SAST Regulations and Jimish additionally violated PIT disclosure obligations. Monetary penalty under Section 15A(b) of the SEBI Act was imposed on the Entities.
Full text
In the matter of Saianand Commercial Ltd (Erstwhile Oregon Commercial Ltd) Page 2 of 11 Disclosure Violations by Jimish and Vaishali (as PAC) under SAST Regulations
In the matter of Saianand Commercial Ltd (Erstwhile Oregon Commercial Ltd) Page 3 of 11 in Table 3 he failed to do so. Therefore, it is alleged that Jimish had violated Regulation 7(1) read with 7(2) of SAST Regulations and Regulation 13(1) of PIT Regulations.
In the matter of Saianand Commercial Ltd (Erstwhile Oregon Commercial Ltd) Page 4 of 11 11. In this order wherever PIT Regulations, 1992 is mentioned it should be referred to as PIT Regulations, 1992 read with Regulation 12 of SEBI (Prohibition of Insider Trading) Regulations, 2015.
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Source: SecMarx — sebi:EAD-9/SM/67-68/2018. 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.