sebi:EAD/SS/AKS/2018-19/2341
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Facts / Headnote
Penalty imposed on the Noticee for failure to make disclosures under PIT Regulations and SAST Regulations
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
- s. 15
- s. 15F
Regulations
- Reg. 13(1)
- Reg. 7(1)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 11(2)
Parties
- Mr. Abhey Ram Dahiya
Holding
The Noticee, a promoter and director of Polo Hotels Limited, was held liable for failing to make timely disclosures under regulations 13(4), 13(4A) read with 13(5) of the PIT Regulations and regulations 29(2) read with 29(3) of the SAST Regulations for 8 transactions on 6 occasions, and a penalty of ₹8,00,000 was imposed under section 15A(b) of the SEBI Act.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Mr. Abhey Ram Dahiya in the matter of Polo Hotels Limited. Page 2 of 14 (File No.: EAD-2/SS/AKS/60/148/2018-19)
______________________________________________________________________________________ Adjudication Order in respect of Mr. Abhey Ram Dahiya in the matter of Polo Hotels Limited. Page 3 of 14 (File No.: EAD-2/SS/AKS/60/148/2018-19)
______________________________________________________________________________________ Adjudication Order in respect of Mr. Abhey Ram Dahiya in the matter of Polo Hotels Limited. Page 4 of 14 (File No.: EAD-2/SS/AKS/60/148/2018-19)
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Source: SecMarx — sebi:EAD/SS/AKS/2018-19/2341. 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.