sebi:Order/AA/MKG/2019-20/4069
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee for failure to make disclosure under Regulation 29(2) read with Regulation 29(3) of SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15F
- s. 28A
- s. 15I(1)
Regulations
- Reg. 29(2)
- Reg. 29(3)
Parties
- Sanjeev Dalmia
Holding
The Noticee, Sanjeev Dalmia, violated Regulation 29(2) read with Regulation 29(3) of the SAST Regulations by failing to disclose a change in shareholding exceeding 2% of the paid-up share capital of AF Enterprises Limited within two working days, and a monetary penalty of Rs. 2,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
____________________________________________________________________ Adjudication Order in respect of AF Enterprises Limited Page 2 of 12
____________________________________________________________________ Adjudication Order in respect of AF Enterprises Limited Page 3 of 12
____________________________________________________________________ Adjudication Order in respect of AF Enterprises Limited Page 4 of 12
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Source: SecMarx — sebi:Order/AA/MKG/2019-20/4069. 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.