sebi:Order/PM/PA/2021-22/14780
Facts / Headnote
SCN disposed of; no violation of regulation 7(2)(b) found; no penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 14
- s. 31
- s. 33
- s. 31(1)
Regulations relied on
- SEBI (PIT) Regulations, 2015 — 7(2)(b)
Parties
- Sanwariya Consumer Ltd.
Holding
The Company did not violate regulation 7(2)(b) of the PIT Regulations and the show cause notice dated July 19, 2021 is disposed of without penalty.
Full text
Adjudication order in respect of Sanwariya Consumer Ltd. Page 2 of 16 in the matter of Sanwariya Consumer Ltd. the PIT Regulations. The said trades also imposed an obligation on the Company to notify the aforesaid trades to the stock exchanges within the time stipulated under regulation 7(2)(b) of the PIT Regulations.
Adjudication order in respect of Sanwariya Consumer Ltd. Page 3 of 16 in the matter of Sanwariya Consumer Ltd. C. SHOW CAUSE NOTICE AND REPLY
Adjudication order in respect of Sanwariya Consumer Ltd. Page 4 of 16 in the matter of Sanwariya Consumer Ltd. 8. The Noticee submitted its reply to the aforesaid SCN vide email sent on August 07, 2021 (hereinafter referred to as the “August Reply”). The relevant extract from the August Reply is reproduced below verbatim:
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