sebi:PG/AO-8/2009
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Facts / Headnote
Violation of regulation 8(2) of SAST established; monetary penalty of Rs.20,000 imposed under section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 8
- Reg. 8(3)
- Reg. 8(2)
Parties
- Mrs. Rukmani Devi Sharda
Holding
The Noticee violated regulation 8(2) of SAST by failing to disclose her changed shareholding to JSL within 21 days of the financial year ending March 31, 2005, and is liable for monetary penalty under section 15A(b) of the SEBI Act. A penalty of Rs.20,000 was imposed.
Full text
Page 2 of 10 (hereinafter referred to as “BSE”). The promoters of JSL held 21,05,000 shares amounting to 43.85 % of the share capital.
Page 3 of 10 28, 2009 to inquire into and adjudge under section 15A(b) the alleged violation of regulation 8(2) of SAST. SHOW CAUSE NOTICE, HEARING AND REPLY
Page 4 of 10 7. In the interest of natural justice and in order to conduct an inquiry in terms of rule 4(3) of the Rules, the Noticee was granted an opportunity of personal hearing on September 17, 2009 vide notice dated August 31, 2009. Mr Deendayal Sharda, Mr Rakesh Kumar Sharda, the authorized representatives of the Noticee (hereinafter referred to as “AR”) appeared on September 17, 2009 along with Mr. Prakash Shah, Advocate and submitted, inter alia, as under:
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Source: SecMarx — sebi:PG/AO-8/2009. 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.