sebi:Order/SM/DP/2022-23/25293
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Facts / Headnote
Noticee held liable for non-disclosure violations and penalty of Rs. 5,00,000 imposed under Section 23H of SCRA
Provisions invoked
- s. 23
- s. 23H
- s. 23J
Regulations
- Reg. 2
- Reg. 103
- Reg. 26(3)
Holding
The Noticee violated Clause 49(I)(D)(ii) read with Clause 49(I)(D)(i) and successor provisions by not disclosing his interest in SEPL, CFL and QTAPL as required by the Code of Conduct, and is liable to monetary penalty under Section 23H of SCRA, quantified at Rs. 5,00,000.
Full text
In the matter of Videocon Industries Limited Page 2 of 12 2017 to enquire into and adjudge under Section 23H of SCRA, the alleged violations by the Noticee. Thereafter, vide communique dated March 25, 2019 Shri Santosh Shukla, Chief General Manager was appointed as Adjudicating Officer. Vide communique dated January 07, 2020, Shri Amit Pradhan was appointed the Adjudicating Officer. Thereafter, Shri Prasanta Mahapatra and Ms. Asha Shetty were appointed as the Adjudicating Officer. Subsequently, the undersigned has been appointed as Adjudicating Officer vide communique dated October 06,
In the matter of Videocon Industries Limited Page 3 of 12 facie violated the provisions of Clause 49(l)(D)(i) and Clause 49(l)(D)(ii) of the Equity Listing Agreement read with the Code of Conduct of the Company.
In the matter of Videocon Industries Limited Page 4 of 12 Agreement read with regulation 2.5 read with regulation 2.1(v)(a) of the erstwhile Regulations of BSE Ltd.
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