sebi:Order/JS/DJ/2018-19/799
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on Man Finance Ltd under Section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 199
- Reg. 13(6)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 29(2)
Parties
- Man Finance Ltd
Holding
Man Finance Ltd violated Regulation 13(4A) read with Regulation 13(5) of PIT Regulations, 1992 by failing to disclose to NSE its purchase of 2,57,755 shares of Man Industries (India) Ltd on 12.09.2012, and a penalty of Rs. 1,00,000 under Section 15A(b) of SEBI Act was imposed.
Full text
Adjudication Order in respect of Man Finance Ltd in the matter of Man Industries (India) Ltd Page 2 of 6 6. Noticee, vide its reply dated May 9, 2018 made following written submissions:
Adjudication Order in respect of Man Finance Ltd in the matter of Man Industries (India) Ltd Page 3 of 6 AR further submitted that in the separate disclosure filed by Man Industries (India) Ltd to NSE under Regulation 13(6), the information about relevant change in holding of Man Finance was informed and same can also be taken as compliance under Regulation 13(4A) as the information already went in public domain.”
Adjudication Order in respect of Man Finance Ltd in the matter of Man Industries (India) Ltd Page 4 of 6 from NSE for the requisite disclosure under said Regulation 13(4A), even though it has provided copy of other two said discloures acknowledged by NSE.
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Source: SecMarx — sebi:Order/JS/DJ/2018-19/799. 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.