sebi:Order/SM/MG/2021-22/12174

SEBI · SEBI · 2020-12-29 · Soma Majumder, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Penalty imposed on the Noticee for failure to make timely disclosures under PIT Regulations, 1992

Provisions invoked

s. 15A
s. 15
s. 19
s. 15I
s. 15J
s. 15F
s. 28A

Regulations relied on

SEBI (PIT) Regulations, 1992 — 13(5)
SEBI (PIT) Regulations, 2015 — 13(4)
SEBI (PIT) Regulations, 2015 — 13(4a)

Parties

Mrs. Sushma Ashok Gupta

Holding

The Noticee, Mrs. Sushma Ashok Gupta, violated Regulations 13(4) and 13(4A) read with Regulation 13(5) of PIT Regulations, 1992, on seventeen occasions by failing or delaying disclosures of share acquisitions in Santowin Corporation Limited, and a penalty of Rs. 2,00,000 was imposed under Section 15A(b) of the SEBI Act.

Full text

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Source: SecMarx — sebi:Order/SM/MG/2021-22/12174. 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.