sebi:QJA/AA/CFD/CFD-SEC-2/30532/2024-25
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Facts / Headnote
Violations of promoter shareholding disclosure and Minimum Public Shareholding norms held established against KCL and Noticees 2 to 5; monetary penalties and directions issued.
Provisions invoked
- s. 19
- s. 11(1)
- s. 12A
- s. 15H
- s. 15J
- s. 23J
- s. 23H
- s. 92
- s. 11B(2)
Regulations
- Reg. 200
- Reg. 201
- Reg. 38
- Reg. 31(1)
- Reg. 31(1)(b)
- Reg. 31(4)
Parties
- Kemp & Company Limited (KCL)
- Vibhuti
- M/s. DGP Securities Limited (DGPSL)
- M/s. Alcon Finance & Investments Ltd (Alcon)
- Mr. Dilip G. Piramal
Holding
KCL and its disclosed promoters with Mr. Dilip G. Piramal wrongly classified entities that were promoters/promoter group as public shareholders and thereby filed wrong shareholding disclosures and failed to comply with Minimum Public Shareholding requirements during March 2013 to December 2018, attracting penalty and directions.
Full text
Order in the matter of Kemp & Company Limited _____________________________________________________________________________________
Order in the matter of Kemp & Company Limited _____________________________________________________________________________________
Order in the matter of Kemp & Company Limited _____________________________________________________________________________________
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Source: SecMarx — sebi:QJA/AA/CFD/CFD-SEC-2/30532/2024-25. 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.