sebi:ORDER/AP/SK/2020-21/9443
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 on Noticee for failure to disclose pledge of shares to stock exchanges
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 31(1)
Parties
- Kailash Prasad Purohit
Holding
The Noticee, being a promoter of Unisys, failed to disclose to the stock exchanges (BSE and CSE) the pledge of 50,000 shares made on April 23, 2014 within seven working days as mandated under Regulation 31(1) read with 31(3) of the SAST Regulations, and a monetary penalty of ₹2,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Kailash Prasad Purohit in the matter of Unisys Page 2 of 6
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______________________________________________________________________________________ Adjudication Order in respect of Kailash Prasad Purohit in the matter of Unisys Page 4 of 6
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Source: SecMarx — sebi:ORDER/AP/SK/2020-21/9443. 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.