sebi:ORDER/SRP/HKS/2018-19/1109
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Facts / Headnote
Penalty imposed on the Noticee for failure to make timely disclosures of shareholding
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 7(1)
- Reg. 29(3)
- Reg. 29
- Reg. 29(1)
Parties
- Manasvi Consultancy Private Limited
Holding
The Noticee violated Regulation 13(1) of the SEBI PIT Regulations, 1992 and Regulation 29(1) read with Regulation 29(3) of the SEBI SAST Regulations, 2011 by failing to disclose its shareholding in Koffee Break Pictures Limited within two working days of crossing the 5% threshold, and is liable for a penalty of Rs. 1,00,000 under Section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Manasvi Consultancy Private Limited Page 2 of 12 Adjudicating Officer vide Order dated July 06, 2018, issued by SEBI to inquire into and adjudge under Section 15A (b) of The SEBI Act, 1992, the aforesaid violations alleged to have been committed by the Noticee.
Adjudication Order in respect of Manasvi Consultancy Private Limited Page 3 of 12 7. Subsequent to my appointment as the Adjudicating Officer, vide Hearing Notice dated July 11, 2018, the Noticee was provided an opportunity of personal hearing to appear before me on July 18, 2018. The Notice of hearing was affixed at the last known address of the Noticee in terms of Rule 7(c) of the Adjudication Rules. However, the Noticee failed to attend the said hearing.
Adjudication Order in respect of Manasvi Consultancy Private Limited Page 4 of 12 11. It is pertinent to mention here the relevant provisions of Regulation 13(1) of The SEBI PIT Regulations, 1992 and Regulation 29(1) read with Regulation 29(3) of The SEBI SAST Regulations, 2011, allegedly violated by the Noticee:-
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Source: SecMarx — sebi:ORDER/SRP/HKS/2018-19/1109. 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.