sebi:RA/DPS/304/2018

SEBI · SEBI · 2017-03-07 · Rachna Anand, Adjudicating Officer

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Facts / Headnote

Penalty of Rs 15,00,000 imposed on Dadima Capital Private Limited under Section 15A(b) of the SEBI Act

Provisions invoked

• s. 15A
• s. 15
• s. 15I
• s. 15J

Regulations

• Reg. 13
• Reg. 13(1)
• Reg. 13(3)
• Reg. 13(5)
• Reg. 29
• Reg. 29(1)

Parties

• Dadima Capital Private Limited

Holding

The Adjudicating Officer held that Dadima Capital Private Limited violated regulation 13(1), 13(3) read with 13(5) of PIT Regulations and regulation 29(1) and 29(2) read with 29(3) of SAST Regulations for non-disclosure of changes in shareholding in KCCL and imposed a penalty of Rs 15,00,000 under section 15A(b) of the SEBI Act.

Full text

Adjudication Order in respect of Dadima Capital Private Limited Page 2 of 11 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 referred to as 'SEBI Act') read with rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as ‘Adjudication Rules’) vide order dated March 07, 2017, to inquire into and adjudge under section 15A(b) of the SEBI Act, the violations of regulation 13(1), 13(3) read with 13(5) of PIT Regulations and regulation 29(1) and 29(2) read with 29(3) of SAST Regulations. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING

Adjudication Order in respect of Dadima Capital Private Limited Page 3 of 11 Holding as on September 30, 2014 1177521 2.24

Adjudication Order in respect of Dadima Capital Private Limited Page 4 of 11 13(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.

Source: SecMarx — sebi:RA/DPS/304/2018. 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.