sebi:Order/SS/VS/2019-20/5167
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Facts / Headnote
Penalty imposed on Noticee for failure to make disclosures under SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 29(1)
Parties
- Realstep Agencies Private Limited
Holding
The Noticee, Realstep Agencies Private Limited, failed to disclose its acquisition of shares in Purshottam Investofin Limited that took its shareholding from 4.04% to 5.33%, crossing the 5% threshold under Regulation 29(1) of the SAST Regulations, and a penalty of ₹1,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
_______________________________________________________________________________ Adjudication Order in the matter of Purshottam Investofin Limited Page 2 of 5 (File Ref No.: EAD-2/SS/VS/51/97/2019-20)
_______________________________________________________________________________ Adjudication Order in the matter of Purshottam Investofin Limited Page 3 of 5 (File Ref No.: EAD-2/SS/VS/51/97/2019-20)
_______________________________________________________________________________ Adjudication Order in the matter of Purshottam Investofin Limited Page 4 of 5 (File Ref No.: EAD-2/SS/VS/51/97/2019-20)
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Source: SecMarx — sebi:Order/SS/VS/2019-20/5167. 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.