sebi:Order/AN/SM/2025-26/31487-31493
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Facts / Headnote
Allegations of violation of Regulation 29(2) and Regulation 3(1) of SEBI (SAST) Regulations, 2011 held established against the Noticees
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 7(1)
- Reg. 13
- Reg. 3
- Reg. 10
- Reg. 8
- Reg. 15
- Reg. 29
- Reg. 29(2)
- Reg. 3(1)
- Reg. 2(1)(q)
- Reg. 18
- Reg. 201
- Reg. 30
- Reg. 10(5)
- Reg. 10(1)(a)
- Reg. 2(l)
- Reg. 10(1)(a)(i)
- Reg. 66
Parties
- Madan Lal
- Joginder Singh
- Sahil Puri
- Sakshi Puri
- Satnam Singh
- Sanjeev Kumar Puri
- Shiv Kumar Puri
Holding
The Noticees violated Regulation 29(2) of the SEBI (SAST) Regulations, 2011 by failing to make disclosures on four occasions when their shareholding exceeded 5% with changes exceeding 2%, and violated Regulation 3(1) by failing to make an open offer when shareholding of Acquirers along with PACs increased from 22.03% to 26.47% in FY 2018-19.
Full text
_______________________________________________________________________________ Adjudication Order in respect of 7 entities in the matter of City Gold Credit Capital Limited Page 2 of 28
_______________________________________________________________________________ Adjudication Order in respect of 7 entities in the matter of City Gold Credit Capital Limited Page 3 of 28
_______________________________________________________________________________ Adjudication Order in respect of 7 entities in the matter of City Gold Credit Capital Limited Page 4 of 28
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