sebi:MC/DPS/8/2018
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Facts / Headnote
Violation established; monetary penalty imposed under Section 15A(b) of the SEBI Act
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
Regulations
- Reg. 13
- Reg. 13(5)
Parties
- Shri Manoj Babulal Jain Punamiya
- M/s Hillview Impex Pvt. Ltd.
Holding
Noticee No. 1 (Shri Manoj Babulal Jain Punamiya) and Noticee No. 2 (M/s Hillview Impex Pvt. Ltd.) violated Regulation 13(4A) read with Regulation 13(5) of the PIT Regulations and were held liable under Section 15A(b) of the SEBI Act, with penalties of Rs. 1,00,000 and Rs. 3,00,000 respectively.
Full text
Adjudication Order in the matter of M/s Royal India Corporation Limited Page 2 of 13 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in the matter of M/s Royal India Corporation Limited Page 3 of 13 Name of Entity Quarter ended December 2012 Quarter ended March 2013 Decrease in holdings / Gross Sale Manoj B Punamiya 4510000 shares 4235067 shares 2,74,933 shares Hillview Impex Pvt Ltd 1654245 shares 1524845 shares 1,29,400 shares
Adjudication Order in the matter of M/s Royal India Corporation Limited Page 4 of 13 was observed that for the aforesaid sale transactions, the Noticee No. 2 made delayed disclosures on September 11, 2014 under regulation 13(4A) of PIT Regulations to the Company only, and, no such disclosures were made to the stock exchange (BSE).
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Source: SecMarx — sebi:MC/DPS/8/2018. 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.