The allegation that the complainant held 51 500 shares in the opposing company, representing 7.36% of its registered capital, was demonstrated in the light of the applicant`s own arguments. The acquisition in question exceeded the legal limit and warranted a report in accordance with Rule 6 of the 1994 Regulations. However, it will be considered that the adjudicating officer`s decision to impose rs.5 lakhs as a sanction, invoking the provisions of section 15H, must be thoroughly examined. In this context, it is considered necessary to take a close look at the provisions of Regulations 6 of the 1994 Regulations and Section 15H of the Act. . . .