sebi:PB/AO-26/2010
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Facts / Headnote
Monetary penalty of Rs. 1,00,000 imposed on the Noticee under section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 13
- Reg. 13(3)
- Reg. 13(6)
- Reg. 13(5)
- Reg. 13(1)
Parties
- RBG Industries India Ltd.
Holding
The Noticee violated regulations 13(3) read with 13(5) of PIT Regulations by failing to disclose acquisition of 3,70,731 shares (2.87%) on January 21, 2004, and is liable to monetary penalty of Rs. 1,00,000 under section 15A(b) of SEBI Act.
Full text
Page 2 of 11 referred to as “PIT Regulations”) and consequently, liable for monetary penalty under section 15A (b) of the SEBI Act.
Page 3 of 11 (hereinafter referred to as “AR”) appeared on behalf of the Noticee and mentioned during the course of the hearing that the Noticee wanted to make written submissions in the matter. The request of the Noticee was acceded to. Pursuant to the aforesaid hearing, the Noticee vide its letter dated March 24, 2010 made written submissions.
Page 4 of 11 9. In terms of regulation 13(3) read with 13(5) of PIT Regulations, any person who holds more than 5% of shares or voting rights in a listed company is required to disclose to the company the number of shares or voting rights held and change in shareholding or voting rights under 2 circumstances as detailed below:
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Source: SecMarx — sebi:PB/AO-26/2010. 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.