sebi:Order/AA/MG/2020-21/8529-8531
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Facts / Headnote
The Adjudicating Officer found the alleged violations established and imposed penalties under Section 15A(b) of the SEBI Act: ₹2,00,000 on Mr. Vidyadhar D. Vardham, ₹3,00,000 on Avenue Supermarts Limited, and ₹1,00,000 on Ms. Ashu Gupta. The aggregate penalty is ₹6,00,000, payable within 45 days of receipt of the order.
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7
- Reg. 7(2)
- Reg. 7(2)(a)
- Reg. 7(2)(b)
- Reg. 9(3)
Parties
- Mr. Vidyadhar D. Vardham
- Avenue Supermarts Limited
- Ms. Ashu Gupta
Holding
The Adjudicating Officer found that Mr. Vardham violated Regulation 7(2)(a) by making delayed disclosures on five occasions, Avenue Supermarts Limited violated Regulation 7(2)(b) by delaying one disclosure to the stock exchanges, and Ms. Gupta violated Regulation 9(3) read with Regulation 7(2)(b). Penalties of ₹2,00,000, ₹3,00,000 and ₹1,00,000, respectively, were imposed.
Full text
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Source: SecMarx — sebi:Order/AA/MG/2020-21/8529-8531. 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.