sebi:PKB/AO-31/2009
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Facts / Headnote
Violation of Regulations 6(2) and 6(4) established with penalty of Rs. 50,000 imposed; violation of Regulation 8(3) not established
Provisions invoked
- s. 15
- s. 15J
- s. 14
- s. 85B
Regulations
- Reg. 6
- Reg. 8
- Reg. 8(3)
- Reg. 6(1)
- Reg. 6(2)
- Reg. 6(3)
Parties
- Canfin Homes Ltd.
Holding
Canfin Homes Ltd. violated Regulations 6(2) and 6(4) of the SAST Regulations, 1997 by delayed disclosure, attracting penalty under Section 15A(b) of the SEBI Act, 1992. No violation of Regulation 8(3) was established, and a monetary penalty of Rs. 50,000 was imposed.
Full text
Adjudication Order In Respect of Canfin Homes Ltd. Page 2 of 17 4/22/2009 Transitional provision 6. 2) Every company whose shares are held by the persons referred to in sub-regulation (1) shall, within three months from the date of notification of these regulations, disclose to all the stock exchanges on which the shares of the company are listed, the aggregate number of shares held by each person.
Adjudication Order In Respect of Canfin Homes Ltd. Page 3 of 17 4/22/2009 SHOW CAUSE NOTICE, REPLY AND HEARING 4. A show cause notice dated June 5, 2008 was issued to the noticee through registered post acknowledgment due (RPAD).
Adjudication Order In Respect of Canfin Homes Ltd. Page 4 of 17 4/22/2009 compiled and submitted the data for submission in terms of the requirement, being one time disclosure to be made under Regulations 6 (2) and 6 (4), within a reasonable time of one month from the date of amended listing agreement viz., December 12, 1997.
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Source: SecMarx — sebi:PKB/AO-31/2009. 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.