sebi:Order/BD/AB/2020-21/9220
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 29(1)
- Reg. 29(3)
Parties
- Gilani Infra Private Limited
Holding
The Noticee, Gilani Infra Private Limited, violated Regulation 29(1) read with Regulation 29(3) of the SAST Regulations, 2011 by failing to disclose its acquisition of shares exceeding 5% of Empower Industries Ltd within two working days, and is liable for a penalty of ₹1,00,000 under Section 15A(b) of the SEBI Act.
Full text
________________________________________________________________ Order of Adjudication in the matter of Empower Industries Ltd Page 2 of 7
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Source: SecMarx — sebi:Order/BD/AB/2020-21/9220. 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.