sebi:Order/BD/AB/2020-21/9455-9456
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 2,00,000 on Noticee No. 1 under Sections 15A(b) and 15HB and Rs. 1,00,000 on Noticee No. 2 under Section 15HB imposed for disclosure, contra-trade and trading-window violations.
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 6(2)
- Reg. 7(2)(a)
- Reg. 7(2)(b)
- Reg. 9(1)
Parties
- Noticee No. 1
- Noticee No. 2
Holding
Noticee No. 1 violated Reg. 7(2)(b) of PIT Regulations and both Noticees violated Cl. 7.1(iv) and Cl. 6.1(iii) of ASL's code r/w PIT Regulations for contra trades and trading during window closure, attracting monetary penalty under Section 15A(b) and Section 15HB.
Full text
________________________________________________________________ Adjudication Order in the matter of Arihant Superstructures Ltd. Page 2 of 10
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________________________________________________________________ Adjudication Order in the matter of Arihant Superstructures Ltd. Page 4 of 10
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Source: SecMarx — sebi:Order/BD/AB/2020-21/9455-9456. 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.