sebi:Order/VV/AK/2021-22/14684
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Facts / Headnote
Penalty of Rs 1,00,000 imposed on Lakhanpur Coal Carriers Private Limited for violation of Regulation 13(4A) read with Regulation 13(5) of PIT Regulations; no violation of Regulation 13(2A) found.
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 13
- Reg. 13(5)
- Reg. 7(2)
- Reg. 30
- Reg. 35(2)
Parties
- Lakhanpur Coal Carriers Private Limited
Holding
The Noticee did not violate Regulation 13(2A) having made Form B disclosure on December 20, 2013, but violated Regulation 13(4A) read with Regulation 13(5) of PIT Regulations for failure to disclose the triggering acquisition on January 06, 2014, and is liable to monetary penalty under Section 15A(b) of SEBI Act.
Full text
Adjudication Order with respect to Lakhanpur Coal Carriers Private Limited Page 2 of 19 In the matter of USG Tech Solution Ltd
Adjudication Order with respect to Lakhanpur Coal Carriers Private Limited Page 3 of 19 In the matter of USG Tech Solution Ltd
Adjudication Order with respect to Lakhanpur Coal Carriers Private Limited Page 4 of 19 In the matter of USG Tech Solution Ltd
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Source: SecMarx — sebi:Order/VV/AK/2021-22/14684. 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.