sebi:Order/GR/KG/2020-21/9665
Facts / Headnote
Penalty imposed on the Noticee for failure to make requisite disclosure under Regulation 29(1) read with Regulation 29(3) of SEBI (SAST) Regulations, 2011
Provisions invoked
- s. 15A
- s. 15
- s. 11B
- s. 11
- s. 15J
- s. 15F
- s. 28A
Regulations relied on
- SEBI (SAST) Regulations, 2011 — 29(1)
- SEBI (SAST) Regulations, 2011 — 29(3)
Parties
- Modern Trading Business Private Limited
Holding
The Noticee, Modern Trading Business Private Limited, failed to make the requisite disclosure under Regulation 29(1) read with Regulation 29(3) of the SEBI (SAST) Regulations, 2011 after its shareholding breached the 5% limit, and is liable for a penalty of Rs. 3,00,000 under Section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Modern Trading Business Private Ltd in the matter of The Byke Hospitlity Limited Page 2 of 10
Adjudication Order in respect of Modern Trading Business Private Ltd in the matter of The Byke Hospitlity Limited Page 3 of 10
Adjudication Order in respect of Modern Trading Business Private Ltd in the matter of The Byke Hospitlity Limited Page 4 of 10
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Source: SecMarx — sebi:Order/GR/KG/2020-21/9665. 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.