sebi:Order/SM/AD/2021-22/13081
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation established; penalty of Rs.1,00,000 imposed under Section 15A(b)
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7(2)
- Reg. 7(2)(a)
Parties
- Vimal Budheshbhai Shah
Holding
The Noticee, an employee of Kushal Limited, violated Regulation 7(2)(a) of PIT Regulations by failing to disclose sale of 8830 shares aggregating Rs.19,87,633 in the quarter ended June 30, 2017, and a monetary penalty of Rs.1,00,000 under Section 15A(b) of SEBI Act was imposed.
Full text
__________________________________________________________________ Adjudication Order in the matter of Kushal Limited Page 2 of 11
__________________________________________________________________ Adjudication Order in the matter of Kushal Limited Page 3 of 11
__________________________________________________________________ Adjudication Order in the matter of Kushal Limited Page 4 of 11
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/SM/AD/2021-22/13081. 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.