sebi:Order/AP/VS/2020-21/8802
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of INR 1,00,000 imposed on the Noticee, payable within 45 days, failing which recovery under Section 28A of the SEBI Act.
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
- s. 15
- s. 15F
- s. 28A
- s. 393
Regulations
- Reg. 13
- Reg. 199
- Reg. 12
Parties
- Island Media and Entertainment Pvt. Ltd.
Holding
The Noticee failed to make complete disclosures required under regulation 13(2A) of the PIT Regulations, 1992 for becoming promoter of SRK Industries Ltd. A monetary penalty of Rs 1,00,000 under Section 15A(b) of the SEBI Act was imposed on Island Media and Entertainment Pvt. Ltd.
Full text
__________________________________________________________________________ Adjudication Order in respect of Island Media and Entertainment Pvt. Ltd. in the matter of SRK Industries Limited Page 2 of 8
__________________________________________________________________________ Adjudication Order in respect of Island Media and Entertainment Pvt. Ltd. in the matter of SRK Industries Limited Page 3 of 8 thereunder by the Board shall be deemed to be a reference to the corresponding provisions of these regulations.
__________________________________________________________________________ Adjudication Order in respect of Island Media and Entertainment Pvt. Ltd. in the matter of SRK Industries Limited Page 4 of 8 e) The Noticee admit that it has not filed the disclosures under the respective regulations in respective format but there has been no non-disclosure on its part. In this regard, it has furnished the shareholding pattern along with promoter shareholding filed under Clause 35 of the Listing Agreement for quarter ended March 2013, submitted by the SRK to BSE.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/AP/VS/2020-21/8802. 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.