sebi:Order/GR/KG/2020-21/8680-8682
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Facts / Headnote
Noticees found to have violated Clause 2.1 of the Code of Corporate Disclosure Practices (Schedule II read with Regulation 12(2) of PIT Regulations) and Clause 36 of the Listing Agreement read with Section 21 of SCRA
Provisions invoked
- s. 15
- s. 21
- s. 15H
- s. 12
- s. 15I
- s. 15J
- s. 28A
- s. 23A
- s. 23I
- s. 23J
- s. 23
- s. 8A
- s. 21l
Regulations
- Reg. 12
- Reg. 199
- Reg. 2
- Reg. 1
- Reg. 12(2)
Parties
- OMDC (The Orissa Minerals Development Company Limited)
- Dr. Satish Chandra
- Ms. Sucharita Das
Holding
The Noticees violated Clause 2.1 of the Code of Corporate Disclosure Practices under Schedule II read with Regulation 12(2) of the PIT Regulations, and OMDC additionally violated Clause 36 of the Listing Agreement read with Section 21 of SCRA, by delaying dissemination of price sensitive information to the stock exchanges.
Full text
Page 2 of 57 (hereinafter referred to as “NSE”)] for alleged violation of provisions of the SEBI Act, 1992 and SEBI (Prohibition of Insider Trading) Regulations, 1992 during the investigation period July 02, 2012 to August 10, 2012 (hereinafter referred to as “IP”).
Page 3 of 57 proceedings under the provisions of Section 15I of SEBI Act, 1992 (hereinafter referred to as “SEBI Act”) and Section 23I of SCRA to inquire and adjudge the alleged violation of the provisions of law by the Noticees and to impose penalties, if liable, under Section 15HB of the SEBI Act and Section 23A(a) of the SCRA.
Page 4 of 57 against them and penalty be not imposed under Section 15HB of SEBI Act and Section 23A(a) of SCRA for the alleged violations specified in the SCN.
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Source: SecMarx — sebi:Order/GR/KG/2020-21/8680-8682. 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.