sebi:NP/SJ/AO-03/2016
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Facts / Headnote
Show cause notice disposed of; no violation found, no penalty imposed
Provisions invoked
- s. 15A
- s. 15
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 29(1)
- Reg. 29
- Reg. 201
- Reg. 29(3)
- Reg. 2(q)
Parties
- Mrs. Nilam S Anjaria
Holding
The Adjudicating Officer held that the Noticee, Mrs. Nilam S Anjaria, did not violate Regulations 13(1), 13(4A) read with 13(5) of SEBI (PIT) Regulations or Regulations 29(1) read with 29(3) of SEBI (SAST) Regulations, and the show cause notice was disposed of without imposing any penalty.
Full text
Page 2 01, 2016, under section 15-I of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’) and rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as ‘AO Rules’) to enquire into and adjudge under section 15A(b) of SEBI Act for the alleged violations of Regulations 13(1) and 13(4A) of SEBI (PIT) Regulations and Regulations 29(1) read with 29(3) of SEBI(SAST) Regulations. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
Page 3 5. The noticee was given fifteen days’ time to make submission against the SCN. The noticee vide her letter dated April 26, 2016 sought time till June 10, 2016 to file her reply to the said SCN. The noticee did not file reply to the SCN by June 10, 2016. However, an opportunity of personal hearing was granted to the noticee on June 14, 2016. The noticee failed to appear on the said date and hence another opportunity of personal hearing was given to the noticee and she was asked to appear before me on July 04, 2016. The Authorised Representative (AR) of the noticee vide e-mail dated July 04, 2016 sought an adjournment of two weeks. In view of this, the noticee was asked to appear before me on July 19, 2016. On the said date, the ARs of the noticee appeared before me and submitted that the reply to the SCN shall be filed by July 22, 2016 and requested to adjourn the hearing to July 26, 2016. The noticee vide her letter dated July 22, 2016 filed her reply to the said SCN and personal hearing was conducted on July 26, 2016. During the personal hearing, the ARs reiterated the submissions made by her in the reply to the said SCN.
Page 4 Sr. No. Date of acquisition No. of shares acquired No. of shares held prior to acquisition No. of shares Post Acquisition Increase in shareholdi ng (in %) Total shareholding post acquisition (in %)
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Source: SecMarx — sebi:NP/SJ/AO-03/2016. 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.