sebi:Order/MC/VS/2021-22/14814-14817
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Facts / Headnote
Violations established against Noticees 2, 3 and 4 for non-disclosure of share transactions under PIT Regulations; penalty imposed on Noticee 4; no penalty levied on Noticee 3
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 14
Regulations
- Reg. 13
- Reg. 12(1)
- Reg. 13(4)
- Reg. 12
- Reg. 1
Parties
- Era Housing & Developers India Ltd. (Noticee 1)
- Noticee 2
- Noticee 3
- Noticee 4
Holding
The Adjudicating Officer held Noticees 3 and 4 liable for failure to disclose share transactions under Regulation 13(4A) read with 13(5) of the PIT Regulations to the company and stock exchanges, and Noticee 4 additionally liable under Section 15HB for Code of Conduct violations. No penalty was imposed on Noticee 3 considering the inter se promoter nature of the transactions and lapse of time.
Full text
Adjudication Order in respect of Era Housing & Developers India Ltd. and 3 others in the matter of Era Infra Engineering Limited
Adjudication Order in respect of Era Housing & Developers India Ltd. and 3 others in the matter of Era Infra Engineering Limited
Adjudication Order in respect of Era Housing & Developers India Ltd. and 3 others in the matter of Era Infra Engineering Limited
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