sebi:Order/VV/NK/2020-21/9669
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Facts / Headnote
Show Cause Notice disposed of without imposition of any penalty
Provisions invoked
- s. 11
- s. 15
- s. 12A
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Harsh Doshi
Holding
The alleged violations of Sections 12A(a), 12A(b) and 12A(c) of the SEBI Act, 1992 and Regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(a) and 4(2)(e) of the SEBI (PFUTP) Regulations, 2003 do not stand established against the Noticee Harsh Doshi, and the SCN is disposed of without any penalty.
Full text
Adjudication Order in respect of Harsh Doshi in the matter of Pyramid Saimira Theatre Limited . Page 2 of 14 less than Rs. 250/- within 14 days, for allegedly violating the creeping acquisition norms. With the reports in the media appearing about the impending offer at Rs. 250/-, the price of the shares of the company increased on December 22, 2008, when the stock markets opened for the day. On December 22, 2008, PSTL first informed BSE Limited (hereinafter referred to as “BSE”) and National Stock Exchange of India Limited (hereinafter referred to as “NSE”) in the morning that the company had not received any communication from SEBI regarding the media reports on Open Offer. BSE disseminated the denial by the company at 10:28:04 AM on December 22, 2008 on its website and NSE did so at 10:30:00 AM on the same day.
Adjudication Order in respect of Harsh Doshi in the matter of Pyramid Saimira Theatre Limited . Page 3 of 14 a clarification on media reports on Open Offer provided by Mr. P.S. Saminathan to the stock exchanges (BSE and NSE) that the company had not received any communication directing Mr. P. S. Saminathan to make open offer.
Adjudication Order in respect of Harsh Doshi in the matter of Pyramid Saimira Theatre Limited . Page 4 of 14 Act, 1992 and Regulation 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(a) and 4(2)(e) of SEBI (PFUTP) Regulations, 2003 by the Noticee. Thereafter, upon transfer of Ms. Barnali Mukherjee, Ms. Anita Kenkare was appointed as the AO. Thereafter, upon transfer of Ms. Anita Kenkare, Mr. Jeevan Sonparote was appointed as the AO. Thereafter, upon transfer of Mr. Jeevan Sonparote, I have been appointed as the Adjudicating Officer in the present matter vide order dated August 09, 2019. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
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Source: SecMarx — sebi:Order/VV/NK/2020-21/9669. 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.