sebi:Order/PM/PA/2023-24/28369-28370
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Facts / Headnote
Violations of regulation 4(1)(e) of LODR Regulations read with section 21 of SCRA established against the Noticees; penalty imposed under section 23H of SCRA read with section 27 of the SEBI Act
Provisions invoked
- s. 15
- s. 27
- s. 15J
- s. 21
- s. 23J
- s. 23
- s. 23E
- s. 23H
- s. 23(2)
- s. 102
Regulations
- Reg. 30
- Reg. 4
- Reg. 4(1)
- Reg. 4(1)(e)
Parties
- Kapil Wadhawan
- Dheeraj Wadhawan
Holding
The Noticees, as promoters and directors of DHFL, violated regulation 4(1)(e) of the LODR Regulations read with section 21 of the SCRA by failing to disclose complete and adequate information regarding the CCDs and Put Options in the Postal Ballot Notice seeking shareholder approval for the related party transaction involving the sale of DHFL's stake in DPLI to DIL.
Full text
Adjudication order in the matter of transaction of the shares held by DHFL Page 2 of 45 in DHFL Pramerica Life Insurance Company Ltd. and related matters thereof
Adjudication order in the matter of transaction of the shares held by DHFL Page 3 of 45 in DHFL Pramerica Life Insurance Company Ltd. and related matters thereof
Adjudication order in the matter of transaction of the shares held by DHFL Page 4 of 45 in DHFL Pramerica Life Insurance Company Ltd. and related matters thereof
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Source: SecMarx — sebi:Order/PM/PA/2023-24/28369-28370. 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.