sebi:WTM/SM/IVD/ID1/22231/2022-23
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Facts / Headnote
Proceedings abated; no directions or penalty issued
Provisions invoked
- s. 12
Regulations
- Reg. 7(1)
- Reg. 3(b)
- Reg. 201
- Reg. 30(2)
Parties
- Late Ms. Indu Jain
Holding
The proceedings against the Noticee, Late Ms. Indu Jain, stand abated as she passed away on May 13, 2021, and no directions or penalty can be issued against a deceased person in a personal action.
Full text
Final Order in the matter of Ashoka Viniyoga Limited Page 2 of 5 4 Ashoka Viniyoga Ltd 18.02 5 Sanmati Properties Ltd 9.75 6 Arth Udyog Ltd. 9.31 7 Jacaranda Corporate Services Ltd 8.93 8 TM Investments Ltd 5.96 9 Vinet Kumar Jain 0.57 10 Samir Jain 0.003 11 Meera Jain 0.45 Total 100% BCCL is the flagship company of the Times Group. BCCL is an unlisted holding company which owns some of the most prominent media brands of India including but not limited to newspaper ‘Times of India’, radio channel ‘Radio Mirchi’, TV news channel ‘Times Now’, magazines ‘Filmfare’ & ‘Femina’, TV music channel ‘Zoom’ and website ‘www.gaana.com etc. Further, as per submission of BCCL to SEBI, it claims to be a company without any recognized promoter.
Final Order in the matter of Ashoka Viniyoga Limited Page 3 of 5 provisions of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act, 1992’), Securities Contracts (Regulation) Act, 1956 (hereinafter referred to as ‘SCR Act, 1956’), Securities Contracts (Regulations) Rules, 1957 (hereinafter referred to as ‘SCR Rules’), SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’), SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as ‘PIT Regulations’), SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 (hereinafter referred to as ‘SAST Regulations’) and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (hereinafter referred to as ‘LODR Regulations’) by entities in the scrip of the Company.
Final Order in the matter of Ashoka Viniyoga Limited Page 4 of 5 Section 12 A(a) and (b) of SEBI Act, 1992 read with Regulations 3(b), (c) and 4(1) of PFUTP Regulations; and Regulation 30(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(1)((a) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
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Source: SecMarx — sebi:WTM/SM/IVD/ID1/22231/2022-23. 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.