sebi:PKK/AO/264/2010
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Facts / Headnote
Allegations not established; matter disposed of
Provisions invoked
- s. 15A
- s. 15I
Regulations
- Reg. 7
- Reg. 13
- Reg. 11
Parties
- Shri Shodhan R. Patel
Holding
The allegations of violation of Regulations 7(1A) and 7(2) of the SAST Regulations and Regulation 13 (4) & (5) of the Insider Trading Regulations against Shri Shodhan R. Patel do not stand established and the matter is disposed of.
Full text
Page 2 of 8 persons having control over the Company and persons acting in concert with them held 1277100 shares as on March 31, 2003 constituting 25% of the share capital of the Company. Their shareholding decreased to 10.17% ie 519900 shares as on March 31, 2004. It was found that the decrease of 7,57,170 shares was contributed by 26 of the 213 entities listed in the Statement of Declaration.
Page 3 of 8 undersigned as AO consequent to the transfer of Shri Deore to the Enforcement Department. Show Cause Notice, Reply and Personal Hearing:
Page 4 of 8 delivered there. The Noticee did not appear before me on the given date and time. 8. In view of the above, I am proceeding with the matter based on material available on record.
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Source: SecMarx — sebi:PKK/AO/264/2010. 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.