sebi:Order/AP/VS/2020-21/9009
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Facts / Headnote
Penalty imposed on the Noticee for failure to make timely disclosures under PIT Regulations
Provisions invoked
- s. 15A
- s. 13
- s. 15I
- s. 15J
- s. 15
- s. 15F
- s. 28A
- s. 393
Regulations
- Reg. 13
- Reg. 199
- Reg. 13(5)
- Reg. 12
Parties
- Ms. Rekha Jain
Holding
The Noticee, Ms. Rekha Jain, was held liable for failing to make disclosures required under regulation 13(4A) read with 13(5) of the PIT Regulations for the acquisition of 45,000 shares on November 22, 2011 and an increase of shareholding by 18,62,102 shares on March 22, 2013. A total penalty of ₹2,00,000/- was imposed, while no penalty was imposed for the delayed disclosures of transactions on July 22, 2013 and July 23, 2013.
Full text
_________________________________________________________________________ Adjudication Order in respect of Ms. Rekha Jain in the matter of SRK Industries Limited Page 2 of 11 regulation 13(4A) read with 13(5) of the PIT Regulations to SRK and BSE, since change in shareholding of the Noticee exceeded 1% of the total shareholding.
_________________________________________________________________________ Adjudication Order in respect of Ms. Rekha Jain in the matter of SRK Industries Limited Page 3 of 11
_________________________________________________________________________ Adjudication Order in respect of Ms. Rekha Jain in the matter of SRK Industries Limited Page 4 of 11 regulations prior to such repeal, shall be deemed to have been done or taken under the corresponding provisions of these regulations; (3) After the repeal of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, any reference thereto in any other regulations made, guidelines or circulars issued thereunder by the Board shall be deemed to be a reference to the corresponding provisions of these regulations.
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Source: SecMarx — sebi:Order/AP/VS/2020-21/9009. 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.