sebi:ORDER/SRP/HKS/2018-19/1313
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Facts / Headnote
Violation of Regulation 7(3) of SAST Regulations, 1997 found; monetary penalty of Rs.2,00,000 imposed under Section 15A(b) of SEBI Act, 1992
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 7(3)
- Reg. 7(2)
- Reg. 35
- Reg. 35(2)
Parties
- Gujarat Meditech Limited
Holding
Gujarat Meditech Limited violated Regulation 7(3) of the SAST Regulations, 1997 by failing to disclose to BSE within 7 days the disclosure received from Shri Sunny R Thakkar, and is liable for monetary penalty under Section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Gujarat Meditech Limited Page 2 of 11 Section 15A (b) of the SEBI Act, 1992, the aforesaid violation(s) alleged to have been committed by the Noticee.
Adjudication Order in respect of Gujarat Meditech Limited Page 3 of 11 7. Subsequent to appointment of the undersigned as the Adjudicating Officer, the Noticee was provided another opportunity of personal hearing to appear before me on July 24, 2018, vide Hearing Notice dated July 11, 2018. The Notice of the Hearing returned undelivered. Therefore, vide Hearing Notice dated July 24, 2018, the Noticee was provided one more opportunity of personal hearing to appear on August 13, 2018. In the said Notice it was also mentioned that the Noticee may file written submissions in the matter, if any, latest by August 13,
Adjudication Order in respect of Gujarat Meditech Limited Page 4 of 11 10. It is pertinent to mention here the relevant provisions of Regulation 7(3) of SAST Regulations allegedly violated by the Noticee:-
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Source: SecMarx — sebi:ORDER/SRP/HKS/2018-19/1313. 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.