sebi:Order/SM/MG/2020-21/12055
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 2,00,000 imposed on the Noticee under Section 15A(b) of the SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7(2)
- Reg. 7(2)(a)
Parties
- Sanjay Gupta
Holding
The Noticee, being a promoter of Supreme Tex Mart Limited, violated Regulation 7(2)(a) of the PIT Regulations on three occasions by failing to disclose trades exceeding Rs. 10 lakh to the Company. A penalty of Rs. 2,00,000 under Section 15A(b) of the SEBI Act was imposed on the Noticee.
Full text
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Source: SecMarx — sebi:Order/SM/MG/2020-21/12055. 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.