sebi:ORDER/BD/BM/2019-20/6356
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Facts / Headnote
Penalty of Rs. 1,00,000 under Section 15A(b) and Rs. 2,00,000 under Section 15HB of SEBI Act and Section 23A(a) of SCRA, total Rs. 3,00,000, imposed on Sanjay Lai payable within 45 days
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 28A
- s. 23A
- s. 21
- s. 23J
- s. 23
- s. 2(31)
Regulations
- Reg. 199
- Reg. 200
- Reg. 8A(4)
- Reg. 8A(1)
- Reg. 12(2)
Parties
- Sanjay Lai
Holding
The Noticee Sanjay Lai, as Managing Director of KSS Limited, violated Regulation 8A(4) of SAST (Amendment) Regulations, 2009 and Clause 36(7) of the Listing Agreement r/w Section 21 of SCRA and Clause 2.1 of Schedule II of Regulation 12(2) of PIT Regulations, 1992, and is liable to a total monetary penalty of Rs. 3,00,000.
Full text
_____________________________________________________________________________________ Adjudication Order against Sanjay Lai in M/s KSS Limited Page 2 of 21
_____________________________________________________________________________________ Adjudication Order against Sanjay Lai in M/s KSS Limited Page 3 of 21
_____________________________________________________________________________________ Adjudication Order against Sanjay Lai in M/s KSS Limited Page 4 of 21
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Source: SecMarx — sebi:ORDER/BD/BM/2019-20/6356. 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.