sebi:MC/CB/2018-19/53
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
Regulations
- Reg. 13
- Reg. 31
- Reg. 29(2)
Parties
- Ms. Priyal Mansukhani
Holding
The Noticee, a promoter of Man Industries (India) Limited, violated Regulation 13(4A) read with 13(5) of the PIT Regulations by failing to disclose change in shareholding of 1,50,000 shares on August 16, 2013, and is liable to penalty of Rs. 1,00,000 under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in the matter of Man Industries (India) Limited Page 2 of 11 15A (b) of the SEBI Act against the Noticee for the alleged violation of Regulation 13(4A) read with 13(5) of the PIT Regulations. Subsequently, the undersigned was appointed as the Adjudicating Officer on April 26, 2018 which was communicated vide
Adjudication Order in the matter of Man Industries (India) Limited Page 3 of 11 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 of voting rights, whichever is lower. (5) The disclosure mention in sub-regulations (3), (4) and (4A) shall be made within two working days of:
Adjudication Order in the matter of Man Industries (India) Limited Page 4 of 11 8. Thereafter, the Noticee submitted her reply towards the SCN vide letter dated December 03, 2018. Relevant submissions of the Noticee are summarized as under:
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Source: SecMarx — sebi:MC/CB/2018-19/53. 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.