sebi:ORDER/SRP/HKS/2018-19/1314
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Facts / Headnote
Penalty of Rs.4,00,000 imposed under Section 15A(b) for violation of SAST and PIT disclosure provisions
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 13(3)
- Reg. 7(1)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 12
- Reg. 29
- Reg. 29(1)
- Reg. 12(2)
Parties
- Gold Dust Trading Co. (Prop. Shri Harjit Jantri Singh)
Holding
The Noticee violated Regulation 29(1) and Regulation 29(2) of the SAST Regulations, 2011 and Regulation 13(1) and Regulation 13(3) of the PIT Regulations, 1992 by failing to disclose its shareholding in Gujarat Meditech Limited. A monetary penalty of Rs.4,00,000 under Section 15A(b) of the SEBI Act, 1992 was imposed on the Noticee.
Full text
Adjudication Order in respect of Gold Dust Trading Co. (Prop. Shri Harjit Jantri Singh) Page 2 of 15 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 Gold Dust Trading Co. (Prop. Shri Harjit Jantri Singh) Page 3 of 15 6. 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. In the said Notice it was also mentioned that the Noticee may file written submissions in the matter latest by July 24, 2018. The Notice of hearing was affixed at the last known addresses of the Noticee in terms of Rule 7(c) of the Adjudication Rules. However, the Noticee failed to attend the said hearing and did not file any written
Adjudication Order in respect of Gold Dust Trading Co. (Prop. Shri Harjit Jantri Singh) Page 4 of 15 2) Whether the Noticee is liable for imposition of monetary penalty under Section 15A (b) of the SEBI Act, 1992?
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Source: SecMarx — sebi:ORDER/SRP/HKS/2018-19/1314. 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.