sebi:Order/BJD/MG/2020-21/9698-9705
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Facts / Headnote
Penalty imposed on all Noticees jointly and severally for failure to make disclosures under SAST Regulations and PIT Regulations, 1992
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 19
- s. 15I
- s. 15J
- s. 15F
- s. 28A
- s. 15I(1)
Regulations
- Reg. 7
- Reg. 13(1)
- Reg. 13(3)
- Reg. 29(1)
- Reg. 7(1)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 35(2)
- Reg. 12(2)
- Reg. 2(1)(q)(2)
Parties
- Mr. Bharat Jayantilal Patel
- Ms. Minal Bharat Patel
- Mr. Hardik Bharat Patel
- Mr. Ruchit Bharat Patel
- Mr. Prashant Jayantilal Patel
- Pat Financial Consultants Private Limited
- Pasha Finance Private Limited
- Pranav Holdings Private Limited
Holding
The Adjudicating Officer held that Noticees 1 to 8, as persons acting in concert (PAC), violated Regulation 29(1) and 29(2) read with 29(3) of SAST Regulations on multiple occasions by failing to make required disclosures, and Noticee 3 violated Regulation 13(1) and 13(3) read with 13(5) of PIT Regulations, 1992 on three occasions each by failing to disclose shareholding changes. A monetary penalty of Rs. 1,00,000 was imposed on all Noticees jointly and severally under Section 15A(b) of the SEBI Act.
Full text
____________________________________________________________________ Adjudication Order in respect of Centum Electronics Limited Page 2 of 22
____________________________________________________________________ Adjudication Order in respect of Centum Electronics Limited Page 3 of 22
____________________________________________________________________ Adjudication Order in respect of Centum Electronics Limited Page 4 of 22
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Source: SecMarx — sebi:Order/BJD/MG/2020-21/9698-9705. 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.