sebi:Order/SM/DD/2021-22/15785-15787
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalties of Rs. 1,00,000 each imposed on all three Noticees
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 29(1)
- Reg. 29
- Reg. 29(2)
- Reg. 29(3)
Parties
- Navalben Gangji Gala
- Gangji Arjan Gala
- Dhiren Dharamdas Agarwal-HUF
Holding
Noticees 1 and 2 violated Regulation 29(2) read with Regulation 29(3) of SAST Regulations, 2011 and Noticee 3 violated Regulation 29(1) read with Regulation 29(3) thereof, and each is liable to Rs. 1,00,000 penalty under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in the matter of Dune Mercantile Limited Page 2 of 23 3. The summary of the shareholding pattern of DML for the quarter ended March 2016 to December 2016 is given below:
Adjudication Order in the matter of Dune Mercantile Limited Page 3 of 23 Regulation 29(1) read with Regulation 29(3) of SAST Regulations, 2011 by Noticee 3 w.r.t. their trading in the scrip of Dune.
Adjudication Order in the matter of Dune Mercantile Limited Page 4 of 23 Date No of shares held – before transaction No of share s acquir ed No of shares sold % of shares sold / acquired Discl osur e requi red unde r SEBI (SAS T), 2011 Require d Date of disclos ure to compan y and Exchan ge Discl osur e to Com pany and to stoc k exch ange Violat ion of Regul ation( s) under SAST 2011 11.05.2016 120350 0 4000 0.08% 12.05.2016 116350 0 26200 0.52% 13.05.2016 90150 0 19450 0.39% 16.05.2016 70700 0 34200 0.68% 17.05.2016 36500 0 26500 0.53% 18.05.2016 10000 0 10000 0.20%
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/DD/2021-22/15785-15787. 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.