sebi:EAD/BJD/NJMR/2018-19/2143

SEBI · SEBI · 2017-11-28 · B J DILIP, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Penalty imposed on the Noticee for violation of Regulation 13(1) and 13(3) of SEBI (PIT) Regulations, 1992

Provisions invoked

Regulations

Parties

Holding

The Noticee violated Regulation 29(1) and 29(2) of SEBI (SAST) Regulations, 2011 and Regulation 13(1) and 13(3) of SEBI (PIT) Regulations, 1992 by making delayed disclosures upon crossing 5% shareholding and by failing to disclose a change in shareholding of 4.65%. A penalty of Rs. 2,00,000 was imposed under Section 15A(b) of the SEBI Act for violation of Regulation 13(1) and 13(3) of SEBI (PIT) Regulations only.

Full text

Adjudication Order in respect of Insight Multitrading Private Ltd., in the matter of Confidence Finance and Trading Private Ltd., Page 2 of 13

Adjudication Order in respect of Insight Multitrading Private Ltd., in the matter of Confidence Finance and Trading Private Ltd., Page 3 of 13

Adjudication Order in respect of Insight Multitrading Private Ltd., in the matter of Confidence Finance and Trading Private Ltd., Page 4 of 13

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Source: SecMarx — sebi:EAD/BJD/NJMR/2018-19/2143. 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.