sebi:Order/MC/DS/2020-2021/8758
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Facts / Headnote
Penalty of ₹1,00,000 imposed on the Noticee for violation of Regulation 29(1) read with 29(3) of SAST Regulations
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
Regulations
- Reg. 29(1)
Parties
- Kanchan Bihani
Holding
The Noticee, Kanchan Bihani, failed to make mandated disclosures under Regulation 29(1) read with 29(3) of SAST Regulations when her shareholding crossed 5% on December 12, 2016, and a penalty of ₹1,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in respect of Kanchan Bihani in the matter of Sanjivani Paranteral Ltd Page 2 of 9 SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication Order in respect of Kanchan Bihani in the matter of Sanjivani Paranteral Ltd Page 3 of 9 read with 29(3) of SAST Regulations. The aforesaid regulations are reproduced as under:
Adjudication Order in respect of Kanchan Bihani in the matter of Sanjivani Paranteral Ltd Page 4 of 9 SCN, the Noticee was advised to furnish its reply, if any, towards the SCN within 14 days of its receipt, failing which, it would be presumed that the Noticee had no reply to submit and the matter would be proceeded with on the basis of the material available on record.
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Source: SecMarx — sebi:Order/MC/DS/2020-2021/8758. 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.