sebi:QJA/AA/IVD/ID15/30998/2024-25
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Facts / Headnote
Corrected paragraph 57.1 of the November 22, 2024 order by replacing “dealing in securitised” with “dealing in securities” and “associate” with “associated.” The original order is to be read along with the corrigendum.
Parties
- Mr. Maneesh Kumar Jain
- Mr. S.V. Subha Rao
Holding
The corrigendum corrected two wording errors in paragraph 57.1 of the original order. As corrected, the Noticees remain restrained from accessing the securities market and prohibited from specified securities-market activity for one year.
Full text
in the matter of Insider Trading in the scrip of Jagsonpal Pharmaceuticals Limited QJA/AA/IVD/ID15/30998/2024-25 SECURITIES AND EXCHANGE BOARD OF INDIA CORRIGENDUM TO THE ORDER DATED NOVEMBER 22, 2024 BEARING REFERENCE NUMBER QJA/AA/IVD/ID15/30997/2024-25 IN THE MATTER OF INSIDER TRADING IN THE SCRIP OF JAGSONPAL PHARMACEUTICALS LIMITED.
1. Securities and Exchange Board of India (SEBI) passed an order bearing no. QJA/AA/IVD/ID15/30997/2024-25 (hereinafter referred to as “Order”) dated November 22, 2024 in respect of Mr. Maneesh Kumar Jain and Mr. S.V. Subha Rao (“Noticees”) in the matter of insider trading in the scrip of Jagsonpal Pharmaceuticals Limited.
2. In sub-paragraph no. 57.1 of paragraph no. 57 of the aforesaid Order under the heading “Order and Directions”, the words “dealing in securitised” shall be read as “dealing in securities” and the word “associate” shall be read as “associated”. Accordingly, sub-paragraph no. 57.1 of paragraph no. 57 therein shall be read as under: “57.1 The Noticees viz. Mr. Maneesh Kumar Jain and Mr. S.V. Subha Rao are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities (including units of mutual funds), directly or indirectly, or being associated with securities market in any manner, whatsoever, for a period of one (1) year, from the date of this order;”
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Source: SecMarx — sebi:QJA/AA/IVD/ID15/30998/2024-25. 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.