sebi:PKK/AO/136/2011
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Facts / Headnote
Alleged violation not established; matter disposed of without penalty
Provisions invoked
- s. 15A
- s. 15
- s. 15I
Regulations
- Reg. 13
- Reg. 13(5)
Holding
The alleged violation of Regulation 13(3) of the Insider Trading Regulations against the Noticee does not stand established. Accordingly the matter is disposed of.
Full text
Page 2 of 6 provisions of Regulation 13 (3) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as the ‘Insider Trading Regulations).
Page 3 of 6 the Noticee on June 27, 2011 vide letter dated June 02, 2011. The Noticee’s authorised representative attended the said personal hearing.
Page 4 of 6 9. I find from Annexure A to the SCN that the Noticee’s shareholding had decreased from 10,00,100 shares (6.72% of the total shareholding) as on December 31, 2009 to 2,78,050 shares (1.87% of the total shareholding) as on March 31, 2010, which was a decrease of 7,22,050 shares (4.85%) in her shareholding. The Noticee vide letter dated May 20, 2011 has submitted inter alia the following:
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Source: SecMarx — sebi:PKK/AO/136/2011. 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.