sebi:MC/ST/2021-22/12743-12744
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Noticees for delayed disclosures under Takeover Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
Regulations
- Reg. 29(1)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 19(2)
- Reg. 2(q)(2)(v)
Parties
- Mr. Ranjith Soman
- Ms. Veena Ranjith
Holding
The Noticees violated Regulation 29(1) and 29(2) read with 29(3) of the Takeover Regulations by failing to make required disclosures within two working days, and a penalty of Rs. 2,00,000/- was imposed jointly and severally under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in respect of Mr. Ranjith Soman and Ms. Veena Ranjith in the matter of M/s. Crown Tours Ltd. Page 2 of 13
Adjudication Order in respect of Mr. Ranjith Soman and Ms. Veena Ranjith in the matter of M/s. Crown Tours Ltd. Page 3 of 13
Adjudication Order in respect of Mr. Ranjith Soman and Ms. Veena Ranjith in the matter of M/s. Crown Tours Ltd. Page 4 of 13
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:MC/ST/2021-22/12743-12744. 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.