sebi:Order/AA/MG/2019-20/3437
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on Momi's Trust under Section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15I(1)
Regulations
- Reg. 5
- Reg. 29
- Reg. 5A
- Reg. 19(1)(e)
Parties
- Momi's Trust
Holding
The Noticee, Momi's Trust, a promoter of ADL, violated Regulation 19(1)(e) of the Buyback Regulations, 1998 read with Regulation 29 of the Buy-Back Regulations, 2018. A monetary penalty of Rs. 1,00,000 was imposed on the Noticee under Section 15HB of the SEBI Act.
Full text
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Source: SecMarx — sebi:Order/AA/MG/2019-20/3437. 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.