sebi:MC/CB/9/2018
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Facts / Headnote
Penalty imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
Regulations
- Reg. 13
- Reg. 2
Parties
- Tiger Farms & Enterprise Pvt. Ltd.
Holding
The Noticee, Tiger Farms & Enterprise Pvt. Ltd., failed to make the mandated disclosure under Regulation 13(2A) of the PIT Regulations within two working days of acquiring 5750 shares of Binny Limited on January 24, 2014, and a penalty of ₹1,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in the matter of Binny Limited Page 2 of 8 Adjudicating Officer on April 26, 2018 which was communicated vide order dated June 19, 2018.
Adjudication Order in the matter of Binny Limited Page 3 of 8 5. It was stated in the SCN that the aforesaid alleged violation, if established, would make the Noticee liable for monetary penalty under Section 15A (b) of the SEBI Act.
Adjudication Order in the matter of Binny Limited Page 4 of 8 12. The hearing scheduled on September 06, 2018 was attended by the authorized representative of the Noticee. During the course of hearing, the authorized representative of the Noticee reiterated the written submissions filed by way of letter dated July 04, 2018. It was also submitted that the information about shareholding of the Noticee in the scrip of the Company was available in public domain by March 31, 2014.
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Source: SecMarx — sebi:MC/CB/9/2018. 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.