sebi:Order/GR/PU/2021-22/14432
Facts / Headnote
Penalty imposed on the Noticee for violation of Regulations 29(1) read with 29(3) of SAST Regulations, 2011
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15F
- s. 28A
Regulations relied on
- SEBI (SAST) Regulations, 2011 — 29(1)
Parties
- Divine Comex Enterprises Pvt. Ltd.
Holding
The Noticee, Divine Comex Enterprises Pvt. Ltd., violated Regulations 29(1) read with 29(3) of SAST Regulations, 2011 by failing to disclose its acquisition of 1,50,000 equity shares (increasing shareholding from 4.04% to 7.07%) to the target company and BSE within two working days. A penalty of Rs. 1,00,000/- was imposed under Section 15A(b) of the SEBI Act, 1992.
Full text
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Divine Comex Enterprises Pvt. Ltd. in the matter of Multipurpose Trading and Agencies Ltd.
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Divine Comex Enterprises Pvt. Ltd. in the matter of Multipurpose Trading and Agencies Ltd.
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Divine Comex Enterprises Pvt. Ltd. in the matter of Multipurpose Trading and Agencies Ltd.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/GR/PU/2021-22/14432. 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.