sebi:Order/GR/PU/2021-22/15033
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Facts / Headnote
Penalty imposed on the Noticee for violation of SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 12
- Reg. 29(1)
- Reg. 29
- Reg. 29(2)
- Reg. 29(3)
- Reg. 31(1)
- Reg. 31(3)
Parties
- Mr. Harshad Hirji Thakkar
Holding
The Noticee, as a promoter of the Target Company, violated Regulation 29(2) read with Regulation 29(3) and Regulation 31(1) read with Regulation 31(3) of the SAST Regulations by failing to disclose changes in shareholding arising from creation and invocation of pledges, and a penalty of Rs. 3,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Mr. Harshad Hirji Thakkar in the matter of Ashapura Intimates Fashion Limited
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Mr. Harshad Hirji Thakkar in the matter of Ashapura Intimates Fashion Limited
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Mr. Harshad Hirji Thakkar in the matter of Ashapura Intimates Fashion Limited
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Source: SecMarx — sebi:Order/GR/PU/2021-22/15033. 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.