sebi:ISD/TEL-SBPL/AO/DRK-DS/EAD3-665/211-2014
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Facts / Headnote
Adjudication proceeding disposed of - violation not established, no penalty imposed
Provisions invoked
- s. 15A
Regulations
- Reg. 13(3)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
Parties
- Shreeji Broking Private Limited
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 were held not established against Shreeji Broking Private Limited and the adjudication proceeding was accordingly disposed of.
Full text
Page 2 of 5 "Takeover Regulations") ") and Regulation 13(3) read with Regulation 13(5) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as "PIT Regulations") alleged to have been committed by Shreeji Broking Private Limited (hereinafter referred to as “Noticee/SBPL”). The said appointment was communicated vide proceedings of the Whole Time Member appointing Adjudicating Officer dated February 03, 2014.
Page 3 of 5 of the target company are listed and to the target company within two working days of the disposal of shares.
Page 4 of 5 12. The AR of the noticee appeared for the hearing and made the following submissions: a. The AR has reiterated the submissions made vide reply dated April 15, 2014. b. The AR has undertaken to submit the date-wise details of sale of shares by the noticee and proof of submission of disclosures to the company.
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Source: SecMarx — sebi:ISD/TEL-SBPL/AO/DRK-DS/EAD3-665/211-2014. 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.