sebi:EAD-3/JS/SP/50/2018
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Facts / Headnote
Penalty imposed on Salputri Commerce P Ltd. for violation of Regulation 13(1) read with Regulation 13(5) of SEBI (Prohibition of Insider Trading) Regulations, 1992
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 13(6)
- Reg. 13(5)
- Reg. 29
- Reg. 12(2)
Parties
- Salputri Commerce P Ltd.
Holding
Salputri Commerce P Ltd. was held liable for failing to disclose the change in its shareholding in Falcon Tyres Ltd. within the time specified under Regulation 13(1) read with Regulation 13(5) of the PIT Regulations, and a monetary penalty of Rs. 3,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order against Salputri Commerce P Ltd. in the matter of Falcon Tyres Ltd. Page 2 of 7 SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication Order against Salputri Commerce P Ltd. in the matter of Falcon Tyres Ltd. Page 3 of 7 Accordingly, requested not to take any penal action against the company and also not to initiate any proceeding on the above matter. We will not commit such mistake in future which kindly note”.
Adjudication Order against Salputri Commerce P Ltd. in the matter of Falcon Tyres Ltd. Page 4 of 7 C. If yes, what would be the monetary penalty that can be imposed on Salputri taking into consideration the factors mentioned in Section 15J of SEBI Act?
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Source: SecMarx — sebi:EAD-3/JS/SP/50/2018. 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.