sebi:Order/AP/SK/2021-22/11995
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Facts / Headnote
Penalty imposed on Noticee for failure to disclose acquisition of shares under Regulation 29 of SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 10
- Reg. 29
Parties
- Mr. Manish Uppal
Holding
The Noticee violated Regulation 29(1) read with Regulation 29(3) of the SAST Regulations by failing to disclose acquisition of 1,50,000 equity shares/voting rights of Valuemart on December 01, 2016, and a monetary penalty of ₹1,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Mr. Manish Uppal in the matter of Valuemart Page 2 of 7
______________________________________________________________________________________ Adjudication Order in respect of Mr. Manish Uppal in the matter of Valuemart Page 3 of 7
______________________________________________________________________________________ Adjudication Order in respect of Mr. Manish Uppal in the matter of Valuemart Page 4 of 7
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Source: SecMarx — sebi:Order/AP/SK/2021-22/11995. 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.