sebi:PG/AO-37-73/2011
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs 10,00,000 jointly and severally imposed on Group B Noticees (other than AGPL and Anubha Gupta) for violation of regulation 11(1); no penalty on Group A Noticees, Autopal Glass Pvt. Ltd. and Anubha Adarsh Gupta
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 11
- Reg. 11(1)
Holding
Group B Noticees (other than Autopal Glass Pvt. Ltd. and Anubha Gupta) violated regulation 11(1) of the Takeover Regulations and are liable jointly and severally to Rs 10,00,000 penalty under section 15H(ii). Group A Noticees, Autopal Glass Pvt. Ltd. and Anubha Adarsh Gupta did not violate regulation 11(1).
Full text
Page 2 of 18 Dharam Pal Gupta (PAN.:ABIPG1407C) Dharam Pal Gupta HUF (PAN.:AACHD9170L) Jai Pal Gupta HUF (PAN.:AACHJ1882M) Jai Pal Gupta (PAN.:ADGPG7329F) Jyoti Gupta (PAN.:AGKPG8587C) Lata Gupta (PAN.:ABIPG1411G) Laxmi Gupta (PAN.:ABIPG1409N) Mahi Pal Gupta (PAN.:ADGPG7328E) Mahi Pal Gupta HUF (PAN.:AADHM9993F) Meenakshi Gupta (PAN.:AEDPM1291G) Minni Gupta (PAN.:NO PAN) Neeta Gupta (PAN.:AKIPG6460G) Palsoft Infosystems Ltd. (PAN.:AABCA3670N) Poonam Gupta (PAN.:ACNPG5218M) Raj Pal Gupta (PAN.:ADGPG7327M) Raj Pal Gupta HUF (PAN.:AABHR0805H)
Page 3 of 18 Rashi Gupta (PAN.:APKPG5736N) Rekha Gupta (PAN.:ABSPA0876D) Renu Gupta (PAN.:ACNPG5221E) Seema Gupta (PAN.:ACNPG5222H) Shalini Gupta (PAN.:AGBPG5736N) Sheela Gupta (PAN.:ABIPG1419Q) Shikha Gupta (PAN.:ABUOG8926G) Uma Gupta (PAN.:ABIPG1412F) Usha Gupta (PAN.:ABIPG1410H) Yash Pal Gupta (PAN.:ABNPG3316M) Yash Pal Gupta HUF (PAN.:AAAHY3194B)
Page 4 of 18 to enquire into and adjudge the alleged violation of the provisions of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 (hereinafter referred to as “Takeover Regulations”), as observed during the investigations conducted by SEBI.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:PG/AO-37-73/2011. 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.