sebi:Order/MC/HP/2020-21/8754-8756
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Facts / Headnote
Violations found; penalties imposed on all three Noticees under Section 15A(b) of the SEBI Act.
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 23D
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 13(3)
- Reg. 29(1)
- Reg. 29
- Reg. 13(6)
- Reg. 13(5)
- Reg. 29(2)
- Reg. 29(3)
- Reg. 12
Parties
- Nikki Global Finance Limited (Noticee 1)
- Levia Trading Private Limited (Noticee 2)
- Vyapar Private Limited (Now known as Class Commercial Private Limited) (Noticee 3)
Holding
The Adjudicating Officer held that Noticee 1 violated Regulation 13(6) of PIT Regulations, 1992 read with Regulation 12 of PIT Regulations, 2015, and that Noticees 2 and 3 violated Regulation 13(1) and 13(3) read with 13(5) of PIT Regulations, 1992 read with Regulation 12 of PIT Regulations, 2015 and Regulation 29(1) and 29(2) read with 29(3) of SAST Regulations, 2011. Penalties of ₹5,00,000, ₹4,00,000 and ₹6,00,000 were imposed on Noticees 1, 2 and 3 respectively.
Full text
Adjudication Order in the matter of Nikki Global Finance Limited Page 2 of 16 Insider Trading) Regulations, 1992 (hereinafter referred to as ‘PIT Regulations, 1992’) read with Regulation 12 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as ‘PIT Regulations, 2015’).
Adjudication Order in the matter of Nikki Global Finance Limited Page 3 of 16 inquiry should not be held and penalty not be imposed against the Noticees in terms of Section 15A(b) of the SEBI Act for the aforesaid alleged violations.
Adjudication Order in the matter of Nikki Global Finance Limited Page 4 of 16 1 14/10/2011 15/10/2011 17/10/2011 25/10/2011 2 17/10/2011 17/10/2011 19/10/2011 01/11/2011 3 26/11/2013 27/11/2013 29/11/2013 28/11/2013 4 03/12/2013 04/12/2013 06/12/2013 05/12/2013 5 04/12/2013 05/12/2013 09/12/2013 05/12/2013 6 05/12/2013 07/12/2013 10/12/2013 11/12/2013 7 06/12/2013 07/12/2013 10/12/2013 11/12/2013 8 12/12/2013 14/12/2013 17/12/2013 16/12/2013 9 20/12/2013 21/12/2013 24/12/2013 23/12/2013 10 23/12/2013 24/12/2013 27/12/2013 25/12/2013 11 24/12/2013 26/12/2013 30/12/2013 27/12/2013 12 26/12/2013 26/12/2013 30/12/2013 27/12/2013 13 27/12/2013 28/12/2013 31/12/2013 30/12/2013 14 01/01/2014 03/01/2014 07/01/2014 04/01/2014 15 02/01/2014 03/01/2014 07/01/2014 04/01/2014 16 06/01/2014 08/01/2014 10/01/2014 13/01/2014 17 07/01/2014 08/01/2014 10/01/2014 13/01/2014 18 08/01/2014 10/01/2014 14/01/2014 11/01/2014 19 09/01/2014 10/01/2014 14/01/2014 11/01/2014 20 03/02/2014 05/02/2014 07/02/2014 06/02/2014 21 04/02/2014 05/02/2014 07/02/2014 06/02/2014 22 05/02/2014 07/02/2014 11/02/2014 07/02/2014 23 06/02/2014 07/02/2014 11/02/2014 07/02/2014 24 07/02/2014 10/02/2014 12/02/2014 Not Disclosed 25 14/02/2014 17/02/2014 20/02/2014 18/02/2014 26 20/02/2014 22/02/2014 25/02/2014 24/02/2014 27 21/02/2014 22/02/2014 25/02/2014 24/02/2014
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