sebi:Order/AP/VS/2021-22/11945-11966
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Facts / Headnote
Penalty of Rs. 1,00,00,000 jointly and severally imposed on Noticees No. 1 to 22 under Section 15HB of the SEBI Act for non-compliance with SEBI order dated November 15, 2019.
Provisions invoked
- s. 11
- s. 19
- s. 15H
- s. 15I
- s. 15J
- s. 15
- s. 28A
Regulations
- Reg. 44
- Reg. 11
- Reg. 10
- Reg. 45
- Reg. 11(1)
- Reg. 14(2)
- Reg. 32
Holding
The Noticees No. 1 to 22 failed to comply with SEBI's order dated November 15, 2019 directing a revised public announcement and open offer within 45 days of service, and are therefore liable to a monetary penalty of Rs. 1 crore jointly and severally under Section 15HB of the SEBI Act.
Full text
_______________________________________________________________________________ Adjudication Order in the matter of Marg Limited
_______________________________________________________________________________ Adjudication Order in the matter of Marg Limited
_______________________________________________________________________________ Adjudication Order in the matter of Marg Limited
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Source: SecMarx — sebi:Order/AP/VS/2021-22/11945-11966. 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.