sebi:ORDER/SR/2022-23/39/22683
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Facts / Headnote
Violations established; penalty of Rs. 8,00,000 imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 12
- s. 4A
- s. 23
Regulations
- Reg. 12(1)
- Reg. 199
- Reg. 13(6)
Parties
- Radhe Developers (India) Ltd.
Holding
The Noticee, Radhe Developers (India) Ltd., was found to have violated regulation 13(6) of the PIT Regulations, 1992 for delayed disclosures of shareholding changes of Ashish Patel, and regulations 12(1) and 12(3) of the PIT Regulations, 1992 read with clause 1.2 of the Code of Conduct for failing to prevent counter trades within six months. A total penalty of Rs. 8,00,000 was imposed.
Full text
Adjudication Order in respect of Radhe Developers (India) Ltd in the matter of Radhe Developers (India) Ltd. Page 2 of 13
Adjudication Order in respect of Radhe Developers (India) Ltd in the matter of Radhe Developers (India) Ltd. Page 3 of 13
Adjudication Order in respect of Radhe Developers (India) Ltd in the matter of Radhe Developers (India) Ltd. Page 4 of 13
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Source: SecMarx — sebi:ORDER/SR/2022-23/39/22683. 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.