sebi:VSS/AO-09/2008
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation found; monetary penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 199
- Reg. 13(3)
- Reg. 13(6)
- Reg. 13(5)
- Reg. 13(1)
Parties
- K Srinivas
Holding
The Noticee violated regulations 13(3) read with 13(5) of SEBI (PIT) by failing to make disclosure in Form C for transfer of 11,12,000 shares, and is liable to monetary penalty under section 15A(b) of the SEBI Act, with penalty imposed of Rs.25,000.
Full text
Page 2 of 9 as “SEBI (PIT)”) but the disclosure was not made in Form C as required under regulation 13(3) read with regulation 13(5) of SEBI (PIT).
Page 3 of 9 been informed as per regulation 13(6) to the BSE vide their letter dated 5th July 2006. It may kindly be noted that due to the transfer of 11,12,000 Equity shares from me to my father, the total shareholding of our family in the company has not undergone any change.
Page 4 of 9 to the said letter) was submitted to the Investigating Authority of SEBI (hereinafter referred to as “IA”)earlier.
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Source: SecMarx — sebi:VSS/AO-09/2008. 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.