sebi:MC/AO-12/2010
Facts / Headnote
Penalty imposed on the noticee for failure to disclose shareholding crossing 5% threshold
Provisions invoked
- s. 15
- s. 15J
Regulations relied on
- SEBI (PIT) Regulations, 1992 — 13(1)
- SEBI (SAST) Regulations, 1997 — 7(1)
- SEBI (SAST) Regulations, 1997 — 7(2)
Parties
- Rameshchandra Kesharimal Jain
Holding
The noticee violated Regulation 7(1) read with Regulation 7(2) of the SAST Regulations and Regulation 13(1) of the PIT Regulations by failing to disclose his acquisition of shares that took his holding in Genus Comm Trade Limited from 0.94% to 5.87%. A penalty of Rs.40,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in respect of Ramesh Chandra Keshrimal Jain in the matter of Genus Comm Trade Limited August 16, 2010
Adjudication Order in respect of Ramesh Chandra Keshrimal Jain in the matter of Genus Comm Trade Limited August 16, 2010
Adjudication Order in respect of Ramesh Chandra Keshrimal Jain in the matter of Genus Comm Trade Limited August 16, 2010
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Source: SecMarx — sebi:MC/AO-12/2010. 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.