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Times Group's Samir Jain & Meera Jain Get Away with Small Penalty for Hiding Status as Promotors

Even after finding Samir Jain, vice president and managing director of Bennett Coleman Co Ltd (BCCL or the Times group), and his wife Meera Jain (who was also director of BCCL), hiding their status as promoters and projecting themselves as public shareholders in two listed companies, market regulator Securities and Exchange Board of India (SEBI) allowed them to get away just by paying a minor penalty. However, they have been barred from the market until necessary compliance is carried out.

Delhi , India , Trishla-jain , Indu-jain , Artee-viniyoga , Meera-jain , Samir-jain , Ashoka-viniyoga , Ashoka-viniyoga-ltd , Holding-ltd , Artee-viniyoga-ltd , Industries-ltd

Sebi fines PNB Finance and Industries, CCCL, other entities Rs 36 crore in total

As per SEBI, the two companies did not make adequate disclosures about their promoter entities. The companies, listed on Calcutta Stock Exchange, have also been directed to disclose details about their promoters.

Calcutta , West-bengal , India , Samir-jain , Bennett-coleman , Meera-jain , Trishla-jain , Arth-udyog-ltd , Exchange-board-of-india-sebi , Ashoka-viniyoga-ltd , Ashoka-marketing-ltd , Holding-ltd

Sebi slaps penalties totalling Rs 36 crore on PNB Finance and Industries, CCCL, other entities

As per Sebi, the two companies did not make adequate disclosures about their promoter entities.

Calcutta , West-bengal , India , Trishla-jain , Meera-jain , Bennett-coleman , Samir-jain , Ashoka-marketing-ltd , Holding-ltd , Traders-ltd , Camac-commercial-company-limited , Arth-udyog-ltd