sebi:PB/AO-42/2012
Facts / Headnote
Penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations relied on
- SEBI (PIT) Regulations, 1992 — 13(5)
- SEBI (PIT) Regulations, 2015 — 13(4)
Parties
- Anuj Dewan
Holding
The Noticee violated regulation 13(4) read with regulation 13(5) of the PIT Regulations by failing to disclose his May 20, 2006 acquisition to AVCL within four working days, and is liable to monetary penalty under section 15A(b) of the SEBI Act.
Full text
Page 2 of 13 as “ADB Trade”) and M/s Competent Surveyors Pvt. Ltd. (hereinafter referred to as “Competent”) had increased their shareholding in AVCL through off market transactions from 19.59% to 60.50% in the year 2006. Details of their acquisitions are as follows:
Page 3 of 13 2. The findings of the examination led to the allegation that Anuj Dewan (hereinafter referred to as “Noticee”) had violated regulation 13(4) read with regulation 13(5) of SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as ‘PIT Regulations’) and therefore consequently, liable for monetary penalty under section 15A(b) of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”).
Page 4 of 13 letter dated November 10, 2011 informed that he was contemplating filing application for consent as prescribed by SEBI vide its circular no. EFD/ED/Cir-1/2007 dated April 20, 2007.
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Source: SecMarx — sebi:PB/AO-42/2012. 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.