sebi:EAD-9/SM/72-74/2018
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Facts / Headnote
Violations established; monetary penalties imposed on the Entities under Section 15A(b) of SEBI Act, 1992
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
Parties
- Krupa Sanjay Soni
- Sanjay Jethalal Soni
- J M Soni
Holding
The Entities, as persons acting in concert, violated Regulation 7(1) read with 7(2) of SAST Regulations, 1997 and Sanjay and Krupa individually violated Regulation 7(1) and Regulations 13(1) and 13(3) read with 13(5) of PIT Regulations, 1992 by failing to make required disclosures, and monetary penalties were imposed under Section 15A(b).
Full text
In the matter of Saianand Commercial Ltd (Erstwhile Oregon Commercial Ltd) Page 2 of 15 Disclosure Violations by Sanjay, Krupa and JM Soni (as PAC) under SAST Regulations
In the matter of Saianand Commercial Ltd (Erstwhile Oregon Commercial Ltd) Page 3 of 15 6. The shareholding of Sanjay, Krupa and JM Soni, (being PAC) had crossed 10% on thirteen occasions, as brought out in table below- Table - 2 Transaction Date Buy Sell Net Cumulative %
In the matter of Saianand Commercial Ltd (Erstwhile Oregon Commercial Ltd) Page 4 of 15 Table - 3 Transaction Date Buy Sell Net Cumulative % 12-Aug-10 6,216 12,573 -6,357 94,318 9.82 13-Aug-10 62,956 19,404 43,552 1,37,870 14.36
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Source: SecMarx — sebi:EAD-9/SM/72-74/2018. 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.