sebi:ISD/TEL-CCBPL/AO/DRK-DS/EAD3-661/207-2014
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Facts / Headnote
Adjudication proceeding disposed of - alleged violations not established
Provisions invoked
- s. 15A
Regulations
- Reg. 13(3)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
Parties
- Corporate Commodity Brokers Private Ltd.
Holding
The alleged violations of Regulation 29(2) read with Regulation 29(3) of the Takeover Regulations and Regulation 13(3) read with Regulation 13(5) of the PIT Regulations do not stand established against Corporate Commodity Brokers Private Ltd. and the adjudication proceeding is accordingly disposed of.
Full text
Page 2 of 5 the SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as "PIT Regulations") alleged to have been committed by Corporate Commodity Brokers Private Ltd. (hereinafter referred to as “Noticee/CCBPL”). The said appointment was communicated vide proceedings of the Whole Time Member appointing Adjudicating Officer dated February 03, 2014.
Page 3 of 5 7. Further as per Regulation 13(3) read with Regulation 13(5) of the PIT Regulations, the noticee was required to make disclosure with respect to the said sale of shares to the company in Form C within 2 working days of the disposal of said shares.
Page 4 of 5 letter dated September 01, 2014, the noticee authorised Ms. Ragini Chokshi, Practicing Company Secretary as its Authorised Representative for the said hearing.
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Source: SecMarx — sebi:ISD/TEL-CCBPL/AO/DRK-DS/EAD3-661/207-2014. 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.