sebi:ORDER/AP/SK/2020-21/9610
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Facts / Headnote
Penalty imposed on the Noticee for failure to disclose encumbered shares to the stock exchange under SAST Regulations.
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 31
- Reg. 31(1)
Parties
- Harishankar Paper Products (P) Ltd.
Holding
The Noticee, being a promoter of the target company, failed to make requisite disclosures to the stock exchange (BSE) regarding the creation of pledge of 1,95,950 shares on October 25, 2016 within seven working days 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 Harishankar Paper Products (P) Ltd. in the matter of Cosboard Page 2 of 7
______________________________________________________________________________________ Adjudication Order in respect of Harishankar Paper Products (P) Ltd. in the matter of Cosboard Page 3 of 7
______________________________________________________________________________________ Adjudication Order in respect of Harishankar Paper Products (P) Ltd. in the matter of Cosboard Page 4 of 7
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Source: SecMarx — sebi:ORDER/AP/SK/2020-21/9610. 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.