sebi:PKK/AO/172/2011
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Facts / Headnote
Violations not established; matter disposed of with benefit of doubt, no penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 12
- s. 15I
- s. 23I
- s. 23
- s. 23E
Regulations
- Reg. 4
- Reg. 3
- Reg. 6
- Reg. 8A
- Reg. 58
Parties
- DHFL
Holding
The alleged violations of Clauses 35 and 41 of the Listing Agreement and Regulations 3(d) and 4(2)(f) of the PFUTP Regulations against the Noticee do not stand established, and the matter is disposed of without penalty.
Full text
Page 2 of 11 against the said loan by providing Non-Disposal Undertaking (NDU) with respect to the said shares (through agreements with IDBI Trusteeship Services Ltd., ICICI Bank Canada and ICICI Bank Ltd.), together with shortfall undertakings and irrevocable power of attorney to ICICI Bank Limited and/or IDBI Trusteeship Services Limited.
Page 3 of 11 of Clauses 35 & 41 of the Listing Agreement and Regulations 3 (d) and 4 (2) (f) of the PFUTP Regulations respectively by the Noticee.
Page 4 of 11 b) Do the violations, if any, on the part of the Noticee attract any monetary penalty under Section 23E of the SCR Act and Section 15HA of the SEBI Act? c) If yes, what should be the quantum of monetary penalty?
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Source: SecMarx — sebi:PKK/AO/172/2011. 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.