sebi:SRP/DL/AO-55/2010
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs.50,000 imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 7(2)
Holding
The Noticee violated regulation 7(1) read with regulation 7(2) of the SAST Regulations by delayed disclosures and is liable for monetary penalty under section 15A(b) of the SEBI Act, with penalty of Rs.50,000 imposed.
Full text
Page 2 of 8 Pre-acquisition holdings of the Acquirers % to the issued and paid-up capital No. of Shares acquired Date Post acquisition holdings of the Acquirers % to the issued and paid- up capital 324660 4.96 6100 03.11.2006 330760 5.05 651162 9.98 4211 17.04.2007 655373 10.04 851362 13.05 81969 20.07.2007 933331 14.30
Page 3 of 8 under section 15A (b) of the SEBI Act for the alleged violation of the provisions of regulation 7(1) read with regulation 7 (2) of the SAST Regulations.
Page 4 of 8 I. Whether the Noticee has failed to comply with the provisions of regulation 7 (1) read with regulation 7 (2) of the SAST Regulations and whether non-compliance, if any, attract
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Source: SecMarx — sebi:SRP/DL/AO-55/2010. 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.