sebi:ORDER/VV/HS/2019-20/6182
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Facts / Headnote
Penalty of Rs.3,00,000 imposed on the Noticee for delayed disclosures
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 28A
Regulations
- Reg. 13(1)
- Reg. 7
- Reg. 29
- Reg. 6(2)
- Reg. 7(1)
- Reg. 7(2)
- Reg. 31
- Reg. 29(1)
- Reg. 31(1)
Parties
- Valecha Investments Private Limited
Holding
The Noticee violated Regulation 7(2)(a) of the PIT Regulations and Regulation 29(2) read with Regulation 29(3) of the SAST Regulations by failing to timely disclose invocation of pledge of 29,28,504 shares of Valecha Engineering Limited, and a monetary penalty of Rs.3,00,000 under Section 15A(b) of the SEBI Act was imposed.
Full text
Adjudication Order in respect of Valecha Investments Private Limited Page 2 of 15 Quarter ending Sep 2018 Quarter ending Dec 2018 Particular No. of share holders No. of shares %age No. of share holders No. of shares % age Promoter Holding 14 7005180 31.09 14 4076676 18.09 Public Shareholding 14262 15524845 68.91 14269 18453349 81.91 Total 14276 22530025 100 14283 22530025 100
Adjudication Order in respect of Valecha Investments Private Limited Page 3 of 15 shares) for the quarter ending September 2018 to 17.77% (40,03,745 shares) for quarter ending December 2018.
Adjudication Order in respect of Valecha Investments Private Limited Page 4 of 15 VIPL has sent disclosure to VEL pertaining to the same as under: Disclosure Date of submission by VIPL to VEL SEBI (SAST) Regulations, 2011 19th March, 2019 SEBI( PIT) Regulations, 2015 20th March, 2019
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Source: SecMarx — sebi:ORDER/VV/HS/2019-20/6182. 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.