sebi:EAD/SS/AKS/18/28/2018-19
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Facts / Headnote
Penalty of Rs. 50,000 imposed on the Noticee under section 15A(b) of the SEBI Act for failure to disclose shareholding change under regulation 13(4A) read with regulation 13(5) of the PIT Regulations.
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 13(5)
Parties
- Puppala Obul Reddy
Holding
The Noticee, Puppala Obul Reddy, was held liable for failing to disclose the sale of 30,150 shares of Covidh Technologies Limited to the company and stock exchanges within the prescribed time under regulation 13(4A) read with regulation 13(5) of the PIT Regulations, and a penalty of Rs. 50,000 was imposed under section 15A(b) of the SEBI Act.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Puppala Obul Reddy the matter of Covidh Technologies Limited. Page 2 of 5 (File No.: EAD-2/SS/AKS/18/28/2018-19)
______________________________________________________________________________________ Adjudication Order in respect of Puppala Obul Reddy the matter of Covidh Technologies Limited. Page 3 of 5 (File No.: EAD-2/SS/AKS/18/28/2018-19)
______________________________________________________________________________________ Adjudication Order in respect of Puppala Obul Reddy the matter of Covidh Technologies Limited. Page 4 of 5 (File No.: EAD-2/SS/AKS/18/28/2018-19)
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Source: SecMarx — sebi:EAD/SS/AKS/18/28/2018-19. 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.