sebi:PKK/AO/229/2010
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Facts / Headnote
Monetary penalty imposed on Noticee
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15A
Regulations
- Reg. 7
- Reg. 13
Parties
- Shri Dhanpatkumar C.
Holding
The Noticee violated Regulation 7(1) read with 7(2) of SAST Regulations and Regulations 13(1) & 13(3) read with 13(5) of Insider Trading Regulations by failing to make required disclosures, and is liable for monetary penalty under Section 15A(b) of the Act. A monetary penalty of Rs. 1,00,000/- was imposed on the Noticee.
Full text
Page 2 of 8 (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as the ‘Insider Trading Regulations’).
Page 3 of 8 6. The allegation against the Noticee is that his total shareholding in the SCCL was 8.37% of the total paid-up capital as on September 17, 2003 which was later reduced to nil as on February 27, 2004. The Noticee did not make disclosures as required under Regulation 7 (1) read with Regulation 7 (2) of SAST Regulations and Regulation 13 (1) & 13 (3) read with Regulation 13 (5) of the Insider Trading Regulations.
Page 4 of 8 9. In view of the above, I am proceeding with the matter on the basis of the oral submissions made at the time of personal hearing and the documents and materials as available on record.
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Source: SecMarx — sebi:PKK/AO/229/2010. 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.