sebi:PG/AO-116/2011
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Facts / Headnote
No violation of regulations 7(1) and 7(2) of SAST found; matter disposed of without penalty
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 7(1)
- Reg. 7(3)
- Reg. 7(2)
Holding
The Noticee was not found to have violated regulations 7(1) and 7(2) of SAST Regulations, 1997, and the adjudication proceedings were accordingly disposed of without imposition of penalty.
Full text
Page 2 of 8 Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ( “SAST”). APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 8 on July 21, 2011. The Notice was once again affixed at the Noticee’s last known address. 7. The Noticee vide his letter dated July 20, 2011 replied to the aforesaid hearing notice and sought postponement of the said hearing. The Noticee also provided his new address.
Page 4 of 8 I have received copy of proceedings of appointment of Adjudicating Officer during the hearing. Please give me 15 days to file additional reply in the matter.”
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Source: SecMarx — sebi:PG/AO-116/2011. 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.