sebi:PG/AO-60/2010
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on the Noticee for violation of regulations 8(1) and 8(2) of SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11(2)
- s. 15J
Regulations
- Reg. 6
- Reg. 10
- Reg. 8(1)
- Reg. 18
Parties
- Lotus Consulting (Mauritius) Ltd.
Holding
The Noticee violated regulations 8(1) and 8(2) of the SAST Regulations for the financial year 2001-2002 by failing to make yearly disclosures to THL and is liable to a monetary penalty of Rs. 1,00,000 under section 15A(b) of the SEBI Act.
Full text
Page 2 of 10 equity shares of THL through a share purchase agreement dated January 15, 2001, which were actually transferred on October 31,
Page 3 of 10 filed, it is alleged that the Noticee had violated regulation 8(1) & 8(2) of SAST Regulations for the year 2001-2002. The current address of LCML is C/o DTOS, 4th Floor, IBL House, Caudan, Mauritius.
Page 4 of 10 7. As no acknowledgement was received, for the aforesaid SCN, it was, once again, sent to Noticee through registered post vide letter dated EAD/EAD-5/PG/95363/2007 June 5, 2007. However, no reply was received for the same.
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Source: SecMarx — sebi:PG/AO-60/2010. 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.