sebi:NR/AC/2018-19/571
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Facts / Headnote
Penalty imposed for violation of Takeover Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
Regulations
- Reg. 6
- Reg. 8
- Reg. 8(3)
- Reg. 6(2)
- Reg. 8(1)
Parties
- M/s BTJ Leasing and Investments Limited
Holding
The Noticee violated Regulation 6(2) and 6(4) of the Takeover Regulations, 1997 on one occasion each and Regulation 8(3) on 14 consecutive occasions for the period 1998 to 2011, and a penalty of Rs. 2,00,000 was imposed under Section 15A(b) of the SEBI Act, 1992.
Full text
Page | 2 Sr. No. Regulations Due Date for compliance Actual date of Compliance Delays (in days) 1. 6 (2) 30.05.1997 31.03.2003 2,131 2. 6 (4) 30.05.1997 31.03.2003 2,131 3. 8 (3) 30.04.1998 31.03.2003 1,796 4. 8 (3) 30.04.1999 31.03.2003 1,431 5. 8 (3) 30.04.2000 31.03.2003 1,065 6. 8 (3) 30.04.2001 31.03.2003 700 7. 8 (3) 30.04.2002 31.03.2003 335 8. 8 (3) 30.04.2003 25.04.2014 4,013 9. 8 (3) 30.04.2004 25.04.2014 3,647 10. 8 (3) 30.04.2005 25.04.2014 3,282 11. 8 (3) 30.04.2006 25.04.2014 2,917 12. 8 (3) 30.04.2007 25.04.2014 2,552 13. 8 (3) 30.04.2008 25.04.2014 2,186 14. 8 (3) 30.04.2009 25.04.2014 1,821 15. 8 (3) 30.04.2010 25.04.2014 1,456 16. 8 (3) 30.04.2011 25.04.2014 1,091
Page | 3 show cause as to why an inquiry should not be held against it and why penalty, if any, should not be imposed for the alleged violation as specified in the SCN.
Page | 4 (Substantial Acquisition of Shares and Takeovers) Regulation, 1997 on 14 consecutive occasions for the period from 1998 to 2011.
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