sebi:ORDER/BM/RK/2024-25/30315
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Facts / Headnote
Noticee held liable for violations; penalty of Rs. 2,00,000 imposed under Section 15A(b) of the SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 28A
- s. 29
- s. 31
- s. 6(2)
- s. 29(1)
Regulations
- Reg. 25
- Reg. 5
- Reg. 5(2)
- Reg. 5(3)
- Reg. 30
- Reg. 30(7)
- Reg. 4(1)
- Reg. 4(1)(c)
- Reg. 4(1)(e)
Parties
- AGI Greenpac Limited
Holding
The Noticee (AGI Greenpac Limited) violated Regulation 30(7) read with Regulation 4(1)(e) and (h) of the LODR Regulations by failing to disclose material developments with respect to its disclosures dated October 31, 2022 and March 16, 2023, and violated Regulation 4(1)(c), (d), (e) and (h) by failing to provide accurate, adequate and explicit disclosure. A penalty of Rs. 2,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication order in the matter of AGI Greenpac Limited 2 3. The aforesaid alleged conduct of the Noticee were in violation of the followings:
Adjudication order in the matter of AGI Greenpac Limited 3 7. The said SCN and SSCN were duly served on the Noticee via SPAD and respectively, vide digitally signed emails dated January 08, 2024 and April 02,
Adjudication order in the matter of AGI Greenpac Limited 4 including mergers, amalgamations, or acquisitions, to formally submit a notice to the Competition Commission of India (CCI) and that Regulation 5(2) of the Combination Regulations stipulates that the notice under Section 6(2) of the Competition Act shall ordinarily be submitted in Form I, as specified in Schedule II to the Combination Regulations. This submission, duly completed, is to be accompanied by evidence of the payment of the requisite fee by the parties involved in the combination.
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Source: SecMarx — sebi:ORDER/BM/RK/2024-25/30315. 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.