sebi:EAD-5/SVKM/AO/43-47/2017-18
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Facts / Headnote
Noticee nos. 1, 2 and 3 held liable under Regulation 13(4) read with Regulation 13(5) of PIT Regulations, 1992 and Noticee nos. 1, 2, 3, 4 and 5 held liable under Regulation 7(1) read with Regulation 7(2) of SAST Regulations, 1997; monetary penalties imposed under Section 15A(b) of SEBI Act, 1992
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
Regulations
- Reg. 7
- Reg. 7(1)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 12
- Reg. 7(2)
- Reg. 201
- Reg. 35
- Reg. 35(2)
Parties
- Ashok Kumar Gupta
- Ankush A Gupta
- Sushma Ashok Gupta
- Akshat Gupta
- Ashok Gupta HUF
Holding
Noticee nos. 1, 2 and 3 violated Regulation 13(4) read with Regulation 13(5) of PIT Regulations, 1992 and Noticee nos. 1, 2, 3, 4 and 5 violated Regulation 7(1) read with Regulation 7(2) of SAST Regulations, 1997 for failure to make required disclosures, and are liable to monetary penalty under Section 15A(b) of the SEBI Act, 1992.
Full text
Adjudication Order against promoters in the scrip of Santowin Corporation Ltd. Page 2 of 19 and 3 are also Directors of SCL. Noticee No. 1 and 2 became Directors of SCL on June 01, 2010 while Noticee No. 3 became Director of SCL on October 01, 2010.
Adjudication Order against promoters in the scrip of Santowin Corporation Ltd. Page 3 of 19 received 07/12/10 N 45000 Bonus 3:2 67500 112500 3.60 0.00 18/05/11
Adjudication Order against promoters in the scrip of Santowin Corporation Ltd. Page 4 of 19 referred to as "SAST Regulations, 1997"). Since no such disclosures were made by the Noticee no. 1, 2, 3 & 4, it was alleged that they violated Regulation 7(1) read with Regulation 7(2) of SAST Regulations, 1997.
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Source: SecMarx — sebi:EAD-5/SVKM/AO/43-47/2017-18. 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.