sebi:Order/SR/AS/2020-21/7497-7498/1-2
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Facts / Headnote
Violation established; penalty of Rs 5,00,000 imposed jointly and severally
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 12
- Reg. 14
- Reg. 14(3)
- Reg. 11(1)
- Reg. 3
- Reg. 15
- Reg. 35
- Reg. 35(2)
- Reg. 4
Parties
- Sanjay Aggarwal
- Ram Swaroop Aggarwal
Holding
The Noticees violated regulation 12 r/w regulation 14(3) of SAST 1997 r/w regulation 35(2) of SAST 2011 by acquiring control without timely open offer and are liable jointly and severally to a monetary penalty of Rs 5,00,000 under section 15H(ii) of the SEBI Act.
Full text
Adjudication order in the matter of Emerald Leasing Finance and Investment Company Ltd. In respect of Sanjay Aggarwal and Ram Swaroop Aggarwal Page 2 of 10 35 (2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 (hereinafter referred to as SAST 2011).
Adjudication order in the matter of Emerald Leasing Finance and Investment Company Ltd. In respect of Sanjay Aggarwal and Ram Swaroop Aggarwal Page 3 of 10
Adjudication order in the matter of Emerald Leasing Finance and Investment Company Ltd. In respect of Sanjay Aggarwal and Ram Swaroop Aggarwal Page 4 of 10
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