sebi:Order/SR/2022-23/36/22680
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Facts / Headnote
SAST allegation not established; insider trading violation established; penalty of Rs. 5,00,000 imposed under Section 15G
Provisions invoked
- s. 15A
- s. 15
- s. 12A
- s. 15G
- s. 15J
- s. 23
Regulations
- Reg. 7
- Reg. 11
- Reg. 3
- Reg. 3(i)
- Reg. 7(1)
Parties
- Madhuben Prafulbhai Patel
Holding
The Noticee did not violate regulation 7(1A) r/w 7(2) of SAST Regulations, 1997, but violated regulations 3(i) and 4 of PIT Regulations, 1992 r/w section 12A(d) and (e) of the SEBI Act, and a penalty of Rs. 5,00,000 was imposed for the insider trading violation.
Full text
Adjudication Order in respect of Madhuben Prafulbhai Patel in the matter of Radhe Developers (India) Ltd. Page 2 of 11 SEBI-PUBLIC APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Madhuben Prafulbhai Patel in the matter of Radhe Developers (India) Ltd. Page 3 of 11 SEBI-PUBLIC
Adjudication Order in respect of Madhuben Prafulbhai Patel in the matter of Radhe Developers (India) Ltd. Page 4 of 11 SEBI-PUBLIC
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Source: SecMarx — sebi:Order/SR/2022-23/36/22680. 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.