sebi:ORDER/AP/SK/2020-21/9609
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Facts / Headnote
Penalty imposed on the Noticee for failure to disclose encumbered shares under SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 31
- Reg. 31(1)
Parties
- Mr. Anil Kumar Gilra
Holding
The Noticee, being a promoter of the target company, failed to make requisite disclosures to the stock exchange (BSE) regarding creation of pledge of 9,46,187 shares as mandated under Regulation 31(1) read with 31(3) of the SAST Regulations, and a monetary penalty of ₹2,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Mr. Anil Kumar Gilra in the matter of Cosboard Industries Ltd. Page 2 of 7
______________________________________________________________________________________ Adjudication Order in respect of Mr. Anil Kumar Gilra in the matter of Cosboard Industries Ltd. Page 3 of 7
______________________________________________________________________________________ Adjudication Order in respect of Mr. Anil Kumar Gilra in the matter of Cosboard Industries Ltd. Page 4 of 7
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Source: SecMarx — sebi:ORDER/AP/SK/2020-21/9609. 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.