sebi:RA/CB/305/2018
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 13(4)
- Reg. 13(2)
Parties
- Amitkumar Rameshchandra Rana
Holding
The Noticee, Mr. Amitkumar Rameshchandra Rana, failed to make mandated disclosures under Regulation 13(4) read with 13(5) of the PIT Regulations regarding changes in his shareholding in Naisargik Agritech India Limited, and a penalty of Rs. 4,50,000/- was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in the matter of Naisargik Agritech India Limited Page 2 of 11 SHOW CAUSE NOTICE, REPLY AND HEARING 3. Show Cause Notice No. EAD/EAO/RA/CB/17726/2016 dated July 28, 2017 (hereinafter be referred to as the “SCN”) was served upon the Noticee under Rule 4(1) of the Adjudication Rules to show cause as to why an inquiry should not be held and
Adjudication Order in the matter of Naisargik Agritech India Limited Page 3 of 11 201 4 5 07- Oct- 201 4 Amitkumar Rameshchan dra Rana 7643 6 19.9 7 7643 6 19.9 8 1526426. 92
Adjudication Order in the matter of Naisargik Agritech India Limited Page 4 of 11 (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.”
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Source: SecMarx — sebi:RA/CB/305/2018. 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.