sebi:Order/AA/AR/2019-20/4160
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Facts / Headnote
Decided ex-parte; allegation under Regulation 8(1) held not established, violation under Regulation 8(2) held established and penalty of Rs. 1,00,000 imposed
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 28A
Regulations
- Reg. 6
- Reg. 44
- Reg. 8(2)
- Reg. 8(1)
- Reg. 35
Parties
- Ms. Sushma Gupta
Holding
The Noticee, a promoter-group member of Himachal Fibres Ltd. holding 1.36% in 2007 and 1.67% in 2010, did not violate Regulation 8(1) but violated Regulation 8(2) by delayed disclosures, and is liable to a penalty of Rs. 1,00,000 under Section 15A(b) of the SEBI Act.
Full text
_________________________________________________________________ Adjudication Order in the matter of Himachal Fibres Ltd. Page 2 of 10
_________________________________________________________________ Adjudication Order in the matter of Himachal Fibres Ltd. Page 3 of 10
_________________________________________________________________ Adjudication Order in the matter of Himachal Fibres Ltd. Page 4 of 10
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Source: SecMarx — sebi:Order/AA/AR/2019-20/4160. 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.