sebi:PB/AO-21/2011
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Facts / Headnote
Violation established; monetary penalty of Rs. 1,00,000 imposed
Provisions invoked
- s. 41(3)
- s. 15A
- s. 15
- s. 15J
- s. 41
- s. 187
- s. 87(1)
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 13
- Reg. 13(1)
- Reg. 13(3)
- Reg. 2(1)(b)
- Reg. 13(5)
- Reg. 7(2)
- Reg. 3(1)(f)
Holding
The Noticee violated regulation 7(1) read with regulation 7(2) of SAST Regulations and regulations 13(1), 13(3) read with regulation 13(5) of PIT Regulations by failing to disclose acquisition and sales of shares of JK Agri Genetics Ltd., and is consequently liable for monetary penalty under section 15A(b) of the SEBI Act. A monetary penalty of Rs. 1,00,000 was imposed.
Full text
Page 2 of 13 consequently, liable for monetary penalty under section 15A(b) of the SEBI Act, 1992 (hereinafter referred to as “SEBI Act”).
Page 3 of 13 submitted written submissions dated December 08, 2010. During the course of hearing following information was sought from the Noticee:
Page 4 of 13 1. Whether the requirement of pledge as contained in SEBI (Depositories and Participants) Regulations, 1996 was complied in respect of shares of JK Agri Genetics Ltd.?
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Source: SecMarx — sebi:PB/AO-21/2011. 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.