sebi:Order/VV/PSS/2023-24/27762-27763
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on each Noticee under Section 15A(b) of the SEBI Act for violations of SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 1
- Reg. 15A(b)
- Reg. 30(2)
- Reg. 10(6)
- Reg. 31(4)
- Reg. 10(1)(g)
Parties
- Vishwajit B Dahanukar
- Gopika Dilip Dahanukar
Holding
Both Noticees were found to have violated Regulation 30(2) r/w 30(3) and Regulation 31(4) r/w 31(5) of SAST Regulations (Noticee no.1), and Regulation 30(2) r/w 30(3), Regulation 31(4) r/w 31(5), and Regulation 10(6) of SAST Regulations (Noticee no.2), and a penalty of Rs. 1,00,000 each was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication order in the matter of Good Value Irrigation Limited Page 2 of 11 Stock Exchange (“BSE”). From the details submitted by BSE, the following instances of alleged non-complaince with SAST Regulations by the Noticees were observed : Noticee no.1 Vishwajit B Dahanukar
Adjudication order in the matter of Good Value Irrigation Limited Page 3 of 11 Noticee no.1 Vishwajit B Dahanukar Table - 3 Violation Observation 1 The Noticee has filed annual disclosure under Regulation 30(2) r/w 30(3) of SAST Regulations for FY 2014-15 with a delay of 10 days. Hence, violation has been observed. 2 The Noticee has filed annual disclosure under Regulation 30(2) r/w 30(3) of SAST Regulations for FY 2015-16 with a delay of 63 days. Hence, violation has been observed. 3 The Noticee has failed to file annual disclosure under Regulation 30(2) r/w 30(3) of SAST Regulations for FY 2016-17. Hence, violation has been observed. 4 The Noticee has failed to file annual disclosure under Regulation 30(2) r/w 30(3) of SAST Regulations for FY 2017-18. Hence, violation has been observed. 5 The Noticee has filed disclosure under Regulation 31(4) r/w 31(5) of SAST Regulations for FY 2020-21 with a delay of 4 days. Hence, violation has been observed.
Adjudication order in the matter of Good Value Irrigation Limited Page 4 of 11 of report thereof under Regulation 10(6) of SAST Regulations. The promoter has failed to file report under Regulation 10(6) of SAST Regulations for said inter-se transfer. Hence, violation has been observed. 6 The Noticee has filed disclosure under Regulation 31(4) r/w 31(5) of SAST Regulations for FY 2020-21 with a delay of 4 days. Hence, violation has been observed.
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Source: SecMarx — sebi:Order/VV/PSS/2023-24/27762-27763. 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.