sebi:RA/CB/232-233-234/2017
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Facts / Headnote
Penalty imposed under Section 15A(b) of SEBI Act: Rs. 9,00,000 on Anil Kumar Singh, Rs. 6,00,000 on Meena Singh, Rs. 3,00,000 on Linaks Microelectronics Limited for violations of PIT Regulations and SAST Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 81
- s. 15I
- s. 15J
- s. 15F
- s. 18(2)
Regulations
- Reg. 7
- Reg. 13
- Reg. 13(4)
- Reg. 11
- Reg. 199
- Reg. 1
- Reg. 13(6)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 29
Parties
- Mr. Anil Kumar Singh
- Ms. Meena Singh
- Linaks Microelectronics Limited
Holding
Noticee 1 violated Regulation 13(4), 13(4A) read with 13(5) of PIT Regulations and Regulation 29(2) read with 29(3) of SAST Regulations, Noticee 2 violated Regulation 13(4A) read with 13(5) of PIT Regulations and Regulation 29(2) read with 29(3) of SAST Regulations, and Noticee 3 violated Regulation 13(6) of PIT Regulations, attracting monetary penalty under Section 15A(b).
Full text
Adjudication Order in the matter of Linaks Microelectronics Limited Page 2 of 20 APPOINTMENT OF ADJUDICATING OFFICER 2. SEBI initiated adjudication proceedings and appointed the undersigned as Adjudicating Officer under Section 15I of the Securities and Exchange Board of India Act, 1992 (hereinafter be referred to as, the “SEBI Act”) read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter be referred to as the “Adjudication Rules”) vide order dated January 25, 2017 to inquire into and adjudge under Section 15A (b) of the SEBI Act against the Noticees for the alleged violation of aforesaid provisions of PIT Regulations and SAST Regulations.
Adjudication Order in the matter of Linaks Microelectronics Limited Page 3 of 20 read with 29(3) of the SAST Regulations were received from Noticee 1 for acquisitions in the scrip of Company during the period September – December
Adjudication Order in the matter of Linaks Microelectronics Limited Page 4 of 20 sub-regulation (2A) or under this subregulation, and the change exceeds Rs. 5 lakh in value or 25,000 shares or 1% of total shareholding or voting rights, whichever is lower; (5). The disclosure mentioned in sub-regulations (3), (4) and (4A) shall be made within two working days of: (a) the receipts of intimation of allotment of shares, or (b) the acquisition or sale of shares or voting rights, as the case may be. (6). Every listed company, within two working days of receipt, shall disclose to all stock exchanges on which the company is listed, the information received under sub-regulations (1), (2), (2A), (3), (4) and (4A) in the respective formats specified in Schedule III.
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Source: SecMarx — sebi:RA/CB/232-233-234/2017. 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.