sebi:Order/PM/GD/2021-22/14253
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Facts / Headnote
Noticee held liable for violations of regulation 4(1) and clauses 4, 6 and 10 of Schedule B r/w regulation 9(1) of PIT Regulations, 2015; monetary penalty imposed under sections 15G and 15HB of SEBI Act, 1992
Provisions invoked
- s. 15
- s. 15H
- s. 15G
- s. 15J
Regulations
- Reg. 2
- Reg. 4(1)
- Reg. 2(1)(g)
- Reg. 9(1)
- Reg. 30
- Reg. 2(1)
- Reg. 2(1)(n)
Parties
- Uday Agarwal
Holding
The Noticee, Uday Agarwal, was held liable for violating regulation 4(1) of PIT Regulations, 2015 by trading while in possession of UPSI, and for violating regulation 9(1) r/w clauses 4, 6 and 10 of Schedule B by failing to obtain preclearance, executing contra trades, making wrong disclosures, and trading during trading window closure periods. The Noticee was held liable for monetary penalty under sections 15G and 15HB of the SEBI Act, 1992.
Full text
Adjudication order in respect of Uday Agarwal in the matter of L&T Finance Holdings Ltd. Page 2 of 32 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication order in respect of Uday Agarwal in the matter of L&T Finance Holdings Ltd. Page 3 of 32 price of Rs. 155.60 on Friday July 20, 2018 to the closing price of Rs. 170.90 on Monday July 23, 2018 on NSE i.e. it registered an increase by 9.83% in one trading day.
Adjudication order in respect of Uday Agarwal in the matter of L&T Finance Holdings Ltd. Page 4 of 32 S.No. Date- Time Announcement/News Price Impact/Shares Traded Remarks 31, 2018 at its Meeting held on May 2, 2018. 3. 20/07/2018 (16:24:21) Results - Financial Results For June 30, 2018 The board of directors of the Company at its meeting held on 20/07/18 has, inter alia, approved the Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended 30/06/18. Date O H L C No. of shares traded 20.07.2018 152.50 156.40 151.00 155.30 5,64,466 23.07.2018 158.00 172.00 156.70 170.75 16,53,039
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Source: SecMarx — sebi:Order/PM/GD/2021-22/14253. 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.