sebi:EAD-5/SVKM/AO/41-42/2017-18
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Facts / Headnote
Noticees held liable for violation and penalty of Rs. 2,00,000 each imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
Regulations
- Reg. 13
- Reg. 12
- Reg. 13(6)
- Reg. 13(4)
- Reg. 13(5)
Parties
- Sandeep R Deora
- Shruti S Deora
Holding
The Noticees, being directors, violated Regulation 13(4) read with Regulation 13(5) of PIT Regulations, 1992 by failing to disclose sale of their entire shareholding in August 2010 to the company and BSE within two working days, and are liable to monetary penalty under section 15A(b) of SEBI Act, 1992.
Full text
Adjudication Order against ex-directors in the scrip of Santowin Corporation Ltd. Page 2 of 15 Name of promoter Director on the date of transac tion (Y/N) Opening Holding Opening Holding as % to total holding Mode of Transac tion Decrea se Change in terms of value of shares (Rs.) closing holding at the end of day % change in share holding Sandeep R Deora Y 181000 14.48 Physical Transfer 181000 1081000 0 -14.48 Shruti S Deora Y 150000 12 Physical Transfer 150000 108000 0 -12
Adjudication Order against ex-directors in the scrip of Santowin Corporation Ltd. Page 3 of 15 Rules to show cause as to why an inquiry should not be initiated and
Adjudication Order against ex-directors in the scrip of Santowin Corporation Ltd. Page 4 of 15 details showing the receipt of amount in their bank account in consideration of sale of the shares of the company.
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Source: SecMarx — sebi:EAD-5/SVKM/AO/41-42/2017-18. 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.