sebi:JJ/AK/AO/15-34/2014

SEBI · SEBI · 2014-02-26 · Jayanta Jash, Adjudicating Officer

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Facts / Headnote

Penalty of Rs. 20,00,000 imposed on M/s BTL Holding Company Limited (merged entity of SHIL) under section 15A(b) of SEBI Act

Provisions invoked

Regulations

Holding

The Adjudicating Officer held that SHIL (as merged entity of the Noticees) violated regulation 13(4A) read with regulation 13(5) of PIT Regulations, and that SHIL also violated regulation 13(3) read with regulation 13(5) of PIT Regulations and regulation 29(2) read with regulation 29(3) of SAST Regulations, 2011 for BPL & SIL, and imposed a penalty of Rs. 20,00,000 on M/s BTL Holding Company Limited under section 15A(b) of the SEBI Act.

Full text

Adjudication Order in the matter of M/s SRS Limited Page 2 of 22 February 26, 2014 (Aforesaid entities had merged with "M/s BTL Industries Limited" Now Known as M/s BTL Holding Company Limited; PAN No. AAACN5131E)

Adjudication Order in the matter of M/s SRS Limited Page 3 of 22 February 26, 2014 Date of  Transaction  Promoter Names  Transaction  Type  [debit(D) /  credit(C)]  Shareholding  before  transaction  %age  Amount of  shares  transacted   %age of   shares  transacted   Shareholding  Post  transaction   %age  07.09.2012  SRS Heights  Private Limited  D  41,000  0.03  41,000  0.03  Nil  0.00  07.09.2012  SRS Tours and  Travels Pvt. Ltd.  D  1,37,900  0.10  1,37,900  0.10  Nil  0.00  07.09.2012 SRS  Infrabuild  Private Limited     D 4,87,565  0.35  4,87,565  0.35  Nil  0.00  07.09.2012 SRS Mines and  Minerals Limited  D 5,50,000  0.39  5,50,000  0.39  Nil  0.00  07.09.2012 SRS Infracon  Limited   D 6,92,035  0.50  6,92,035  0.50  Nil  0.00  21.09.2012 SRS Facilities  Private Limited   D 10,53,775  0.76  10,53,775  0.76  Nil  0.00  21.09.2012  SRS Buildcon  Private Limited   D 17,31,435  1.24  17,31,435  1.24  Nil  0.00  07.09.2012 SRS Events and  Media Limited   D 19,75,000  1.42  19,75,000  1.42  Nil  0.00  07.09.2012 SRS Realtech  Private Limited   D 20,77,546  1.49  20,77,546  1.49  Nil  0.00  07.09.2012 SRS  Superb  Marktrade  Limited   D 21,47,250  1.54  21,47,250  1.54  Nil  0.00  21.09.2012  BTL  Impex  (India) Limited    D 23,19,375  1.67  23,19,375  1.67  Nil  0.00  07.09.2012 SRS  Commercial  Company  Limited  D 26,15,125  1.88  26,15,125  1.88  Nil  0.00  07.09.2012 SRS  Promoters  Private Limited  D 26,75,000  1.92  26,75,000  1.92  Nil  0.00  21.09.2012  SRS  Communi

Adjudication Order in the matter of M/s SRS Limited Page 4 of 22 February 26, 2014 07.09.2012 SRS International  Limited  D 1,31,67,674  9.45  1,31,67,674  9.45  Nil  0.00  21.09.2012  SRS  Holdings  India Limited  C  2,05,67,555  14.77  5,59,18,350  40.14  7,64,85,905  54.91

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Source: SecMarx — sebi:JJ/AK/AO/15-34/2014. 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.