sebi:Order/PM/PA/2021-22/15065-15066
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Facts / Headnote
Adjudication proceedings continued; Noticees found to have violated regulation 5(2)(ii) of the PIT Regulations; penalty imposed under section 15HB of the SEBI Act (amount not specified in the provided text)
Provisions invoked
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15H
- s. 15J
- s. 15F
Regulations
- Reg. 4
- Reg. 199
- Reg. 2(g)
- Reg. 5(2)(i)
- Reg. 5(4)
- Reg. 5(2)
Parties
- Vaibhav Kumar Mohota
- Vibha Mohota
Holding
The Noticees, as members of the promoter group and 'insiders' under regulation 2(g) of the PIT Regulations, violated regulation 5(2)(ii) by selling shares during the June 2016 Restricted Period (June 02, 2016 to August 17, 2016) contrary to their approved Trading Plan. The Noticees' submissions on inordinate delay in issuing the SCN and breach of natural justice were rejected.
Full text
Adjudication order in respect of Vaibhav Kumar Mohota and Vibha Mohota, Page 2 of 30 In the matter of Mohota Industries Ltd.
Adjudication order in respect of Vaibhav Kumar Mohota and Vibha Mohota, Page 3 of 30 In the matter of Mohota Industries Ltd.
Adjudication order in respect of Vaibhav Kumar Mohota and Vibha Mohota, Page 4 of 30 In the matter of Mohota Industries Ltd.
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Source: SecMarx — sebi:Order/PM/PA/2021-22/15065-15066. 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.