sebi:MC/CB/2/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
No penalty imposed; SCN disposed off accordingly
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 13
- Reg. 13(6)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29
Holding
The alleged violations of Regulation 13(4), 13(4A) read with 13(5) of the PIT Regulations were held not established against the Noticee, and no monetary penalty under Section 15A(b) of the SEBI Act was imposed.
Full text
Adjudication Order in the matter of Objectone Information Systems Limited Page 2 of 7 SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication Order in the matter of Objectone Information Systems Limited Page 3 of 7 (4A) Any person who is a promoter or part of promoter group of a listed company, shall disclose to the company and the stock exchange where the securities are listed in Form D, the total number of shares or voting rights held and change in shareholding or voting rights, if there has been a change in such holdings of such person from the last disclosure made under Listing Agreement or under sub-regulation (2A) or under this sub regulation, and the change exceeds Rs. 5 lakh in value or 25,000 shares or 1% of total shareholding or voting rights, whichever is lower. (5) The disclosure mentioned in sub-regulations (3), (4) and (4A) shall be made within two working days of:
Adjudication Order in the matter of Objectone Information Systems Limited Page 4 of 7 representative of the Noticee reiterated written submissions dated February 22, 2018 submitted by the Noticee.
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Source: SecMarx — sebi:MC/CB/2/2018. 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.