sebi:Order/PM/PA/2021-22/14789
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Facts / Headnote
SCN disposed of; no violation of regulation 7(2)(b) read with regulation 9(3) and 2(c) found; no penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
Regulations
- Reg. 7
- Reg. 2(c)
- Reg. 7(2)
- Reg. 7(2)(a)
- Reg. 7(2)(b)
- Reg. 9(3)
Parties
- Pooja Poddar
Holding
The Noticee, compliance officer of Sanwariya Consumer Ltd., did not violate regulation 7(2)(b) read with regulation 9(3) and 2(c) of the PIT Regulations, and the SCN is disposed of without penalty.
Full text
Adjudication order in respect of Pooja Poddar Page 2 of 16 in the matter of Sanwariya Consumer Ltd. aforesaid trades triggered the requirement to disclose under regulation 7(2)(a) of 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 Pooja Poddar Page 3 of 16 in the matter of Sanwariya Consumer Ltd. SEBI Act for the alleged violation of regulation 7(2)(b) read with regulation 9(3) and regulation 2(c) of the PIT Regulations. The appointment of the adjudicating officer was communicated vide communiqué dated May 07, 2021.
Adjudication order in respect of Pooja Poddar Page 4 of 16 in the matter of Sanwariya Consumer Ltd. BENPOS Data shared by the RTA from September to December, 2017 which reflected the change in the shareholding of the aforesaid persons. However, the trades were notified to the stock exchanges by the Company on February 03, 2018, which led to a delay of 45 to 80 days from the time specified under regulation 7(2)(b) of the PIT Regulations. The emails containing the BENPOS Data were sent from the email ID of the RTA sainath.dixit@karvy.com to the following email ID of the Company amongst others compliance@sanwariaagro.com.
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Source: SecMarx — sebi:Order/PM/PA/2021-22/14789. 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.