sebi:VSS/AO-65/2008
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Facts / Headnote
No monetary penalty imposed; matter disposed of
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15I
Regulations
- Reg. 6
- Reg. 6(1)
Parties
- Mr. Parimal J. Patel
Holding
The Noticee violated regulation 6(1) of SAST Regulations by disclosing with a 207-day delay, but no monetary penalty under section 15A(b) of the SEBI Act was imposed and the matter was disposed of.
Full text
Page 2 of 8 Offer dated October 18, 2004, the offer opened on October 29, 2004 and closed on November 17, 2004. 2. Upon examination of the offer document pertaining to the aforesaid open offer and based on the information furnished by M/s LKP Shares and Securities Ltd., Mumbai, Manager to the aforesaid open offer, it was alleged that, Mr. Parimal J. Patel (hereinafter referred to as “Noticee/PJP”) had failed to comply with regulation 6(1) of SAST Regulations for the year 1997. The details of alleged violation of regulation 6(1) of SAST Regulations by the Noticee are as under:-
Page 3 of 8 5. Consequent upon the transfer of Mr. Piyoosh Gupta, the undersigned was appointed as the Adjudicating Officer vide order dated November 19, 2007. SHOW CAUSE NOTICE, HEARING AND REPLY
Page 4 of 8 requested that the delay may be condoned and a lenient view may be taken while deciding the case. CONSIDERATION OF ISSUES AND FINDINGS
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Source: SecMarx — sebi:VSS/AO-65/2008. 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.