sebi:Order/AP/VS/2020-21/9010
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Facts / Headnote
Penalty imposed on the Noticee for failure to make timely disclosures under PIT Regulations, 1992; no penalty imposed for allegation at para 1(c) (delayed disclosure of July 15, 2013 transaction).
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
- Reg. 13(2)
Parties
- Mr. Sanket Rakesh Jain
Holding
The Noticee, Mr. Sanket Rakesh Jain, was held liable for failing to make complete and timely disclosures under regulation 13(2A) (acquisition of 1,24,475 shares and becoming promoter on November 07, 2011) and regulation 13(4A) read with 13(5) (change in shareholding on March 22, 2013) of the PIT Regulations, 1992, attracting penalty under section 15A(b) of the SEBI Act. A total penalty of ₹2,00,000 was imposed (₹1,00,000 for each violation), while no penalty was imposed for the delayed disclosure of the July 15, 2013 transaction.
Full text
______________________________________________________________________________________ Corrigendum to Adjudication Order in respect of Mr. Sanket Rakesh Jain in the matter of SRK Industries Limited Page 1 of 1
__________________________________________________________________________ Adjudication Order in respect of Mr. Sanket Rakesh Jain in the matter of SRK Industries Limited Page 2 of 11
__________________________________________________________________________ Adjudication Order in respect of Mr. Sanket Rakesh Jain in the matter of SRK Industries Limited Page 3 of 11
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Source: SecMarx — sebi:Order/AP/VS/2020-21/9010. 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.