sebi:EAD-9/SM/21-25/2019-20
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed for delayed disclosures
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 13
- Reg. 3
- Reg. 10
- Reg. 13(1)
- Reg. 13(3)
- Reg. 13(6)
- Reg. 7(1)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 12
- Reg. 10(5)
- Reg. 10(6)
- Reg. 10(7)
- Reg. 10(1)(a)(i)
Parties
- Palem Srikanth Reddy
- Stuthi Reddy
- Sanhitha Reddy (Minor)
- P. Soujanya Reddy
- Dakshayani Reddy
Holding
Noticees violated Regulation 29(2) read with 29(3) and Regulation 10(5), 10(6), 10(7) of SAST Regulations and Regulation 13(1), 13(3), 13(4), 13(4A) read with 13(5) of PIT Regulations by delayed disclosures relating to inter-se transfer, and monetary penalty under Section 15A(b) was imposed.
Full text
In the matter of Palred Technologies Ltd Page 2 of 15 iv. Regulation 10(5), Regulation 10(6), Regulation 10(7) of SAST Regulations by Noticee(s) No. 2, 3, 4 and 5.
In the matter of Palred Technologies Ltd Page 3 of 15 10(5), Reg. 10(6) Reg. 10(7) of SAST Regulation P Soujanya Reddy November 27, 2014 Dakshayani Reddy December 22, 2014
In the matter of Palred Technologies Ltd Page 4 of 15 6.3. In view of the above, it was alleged that the following Noticees:
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Source: SecMarx — sebi:EAD-9/SM/21-25/2019-20. 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.