sebi:PKK/AO/135/2011
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Facts / Headnote
Penalty of Rs. 1,50,000 imposed on the Noticee under Section 15A(b) of the SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
Regulations
- Reg. 6
Holding
The Noticee violated Regulations 6(2), 6(4) and 8(3) of the SAST Regulations by delayed disclosures and is liable for monetary penalty under Section 15A(b) of the SEBI Act. A penalty of Rs. 1,50,000 was imposed on the Noticee.
Full text
Page 2 of 7 ‘SEBI Act’) against the Noticee to inquire into and adjudge the alleged violations of the provisions of Regulations 6 (2), 6 (4) & 8 (3) of the SAST Regulations.
Page 3 of 7 6. In view of the above, I am proceeding with the matter on the basis of the oral submissions of the Noticee, documents and materials as available on record.
Page 4 of 7 8. (3) Every company whose shares are listed on a stock exchange, shall within 30 days from the financial year ending March 31, as well as the record date of the company for the purposes of declaration of dividend, make yearly disclosures to all the stock exchanges on which the shares of the company are listed, the changes, if any, in respect of the holdings of the persons referred to under sub- regulation (1) and also holdings of promoters or person(s) having control over the company as on 31st March.
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Source: SecMarx — sebi:PKK/AO/135/2011. 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.