J.P. Devadhar, Presiding Officer[1] Appellants in all these appeals are aggrieved by the orders passed by the Adjudicating Officers of Securities and Exchange Board of India ("SEBI" for short) whereby appellants in the respective appeals are held liable to pay penalty under secti...
J.P. Devadhar, J.[1] Dispute in all these appeals relate to the obligation cast on the promoter/promoter group to make yearly disclosure under Regulation 8(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("Takeover ...
J.P. Devadhar, Presiding Member[1] Appellant is aggrieved by the order passed by the Adjudicating Officer of Securities and Exchange Board of India (SEBI for short) on April 30, 2014 whereby penalty of Rs. 5 lakh is imposed on the appellant under section 15A(b) of SEBI Act for fa...
J.P. Devadhar, Presiding Officer[1] When a Public Financial Institution ('PFI' for short) acquires shares of a listed company on invocation of pledge, whether that PFI is exempted under the proviso to regulation 29(4) from making disclosures under regulation 29(4) of the Securiti...
J.P. Devadhar, J.[1] Appellant is aggrieved by the adjudication order passed by Adjudicating Officer ("AO" for short) of Securities and Exchange Board of India ("SEBI" for short) on December 27, 2013 whereby penalty of Rs. 4.5 lac is imposed upon appellant under Section 15A(b) o...
J.P. Devadhar, Presiding Officer[1] Appellant herein seeks to challenge order of Securities and Exchange Board of India ("SEBI" for short) dated January 2, 2013 whereby consent application filed by appellant on April 26, 2011 for settling the dispute raised in show cause notice d...
J.P. Devadhar, J.[1] Whether the Adjudicating Officer ("AO" for short) of Securities and Exchange Board of India ("SEBI" for shot) was justified in imposing penalty of Rs. 3 lakhs for alleged violation of regulation 7(1A) read with regulation 7(2) of SEBI (Substantial Acquisition...
J.P. Devadhar,Presiding Officer[1] Whether the Adjudicating Officer ('AO') of Securities and Exchange Board of India ('SEBI') by his two orders both dated 31st January, 2014 was justified in imposing penalty of Rs. 4 lakh on each of the appellant under section 15A(b) of the Secur...
Jog Singh, Member[1] The present appeal is directed against the impugned order dated June 28, 2013 passed by learned adjudicating officer under Section 15I of SEBI Act, 1992 (for short SEBI Act) read with Rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adj...
J.P. Devadhar, Presiding Officer[1] Delay condoned by consent of both parties. Miscellaneous Application No. 20 of 2014 is disposed of accordingly. Learned counsel on both sides request that the appeal be heard and disposed of on merits at the admission stage itself. Accordingly,...