sebi:Order/GR/HK/2022-23/23302
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Facts / Headnote
Penalty imposed on the Noticee for violations of SEBI Circular dated September 3, 2009
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 27
- s. 15J
- s. 28A
- s. 391
- s. 41
Regulations
- Reg. 19(1)
- Reg. 19(7)
- Reg. 76(2)
Parties
- Mr. S.A. Amudan
Holding
The Noticee, Mr. S.A. Amudan, being the Director of Varun Resources Limited (VRL) at the relevant time, was held liable for violating paragraphs no. 1(d), 2 and 5 of Part A in the annexure to the SEBI Circular dated September 3, 2009, and a total penalty of Rs. 5,00,000 was imposed under Section 15HB of the SEBI Act.
Full text
Adjudication Order in respect of Mr S.A. Amudan in the matter of Varun Global Limited and Varun Resources Limited Page 2 of 18
Adjudication Order in respect of Mr S.A. Amudan in the matter of Varun Global Limited and Varun Resources Limited Page 3 of 18
Adjudication Order in respect of Mr S.A. Amudan in the matter of Varun Global Limited and Varun Resources Limited Page 4 of 18
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Source: SecMarx — sebi:Order/GR/HK/2022-23/23302. 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.