sebi:ID/SIL/AO/DRK/MD/EAD-3/96/2009
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Facts / Headnote
Ex-parte order holding violation proved and imposing penalty of Rs. 2,00,000
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 13
Parties
- Ms. Rajeshwari Alluri
Holding
Ms. Rajeshwari Alluri violated Regulation 13(3) read with 13(5) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 by failing to disclose sale of 75,000 shares, and a penalty of Rs. 2,00,000 under Section 15A(b) of the SEBI Act, 1992 was imposed.
Full text
Page 2 of 6 (hereinafter referred to as “noticee”) one of the promoters reduced her shareholding by 75,000 shares from 4,09,100 shares (12.78%) as on December 31, 2004 to 3,34,100 shares (10.44%) as on March 31, 2005. The aforesaid sale of 75,000 shares representing 2.34% of the equity share capital of the company in the month of March 2005 was more than 2% of the equity share capital of the company as on December 31, 2004, therefore noticee was required to make necessary disclosures to the company as required under Regulation 13 (3) read with 13 (5) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.
Page 3 of 6 November 18, 2009. In the aforesaid hearing notice, noticee was again given an opportunity to submit reply to the SCN latest by November 30,
Page 4 of 6 February 2005 which is more than 2%of the equity capital of the company as on December 31, 2004, whereby, the noticee was required to make necessary disclosures to the company as required under Regulation 13 (3) read with 13 (5) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.
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Source: SecMarx — sebi:ID/SIL/AO/DRK/MD/EAD-3/96/2009. 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.