sebi:Order/JS/DJ/2018-19/798
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs.1,00,000 imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 199
- Reg. 13(6)
- Reg. 13(4)
Parties
- Man Industries (India) Ltd
Holding
The Noticee violated Regulation 13(6) of the PIT Regulations, 1992 by failing to disclose to BSE the promoter acquisitions of 27.09.2012 and 28.09.2012, attracting liability under Section 15A(b) of the SEBI Act, and a penalty of Rs.1,00,000 was imposed.
Full text
Adjudication Order in respect of Man Industries (India) Ltd in the matter of Man Industries (India) Ltd |Page 2 of 6 receipt of the SCN, as to why an inquiry should not be held and penalty be not imposed under Section 15A(b) of SEBI Act for the aforesaid alleged violation against the Noticees.
Adjudication Order in respect of Man Industries (India) Ltd in the matter of Man Industries (India) Ltd |Page 3 of 6 CONSIDERATION OF ISSUES AND FINDINGS
Adjudication Order in respect of Man Industries (India) Ltd in the matter of Man Industries (India) Ltd |Page 4 of 6 filed with BSE, it is noted that the same is a separate disclosure with covering letter solely addressed to “Manager, NASDAQ Dubai Stock Exchange Ltd, Level 7, The Exchange Building, Gate District, Dubai International Financial Centre P.O. Box 53536, Dubai (UAE)” was filed by Noticee with BSE and same bear acknowledgement stamp of BSE with caption “Contents not verified”. As regards to disclosure claimed to have been filed with BSE, it is noted that there is no mention or even indication on the said letter head of disclosure that the disclosure is addressed or intended for BSE.
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/JS/DJ/2018-19/798. 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.