sebi:VSS/AO-185/2009
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Facts / Headnote
Violations established; total penalty of Rs.5,00,000 imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 23E
Regulations
- Reg. 3
- Reg. 13
- Reg. 3(a)
- Reg. 13(6)
- Reg. 3(b)
Parties
- Yashraj Containeurs Ltd
Holding
The Noticee violated clauses 35 and 41 of the Listing Agreement, regulations 3(a), (b), (c) and (d) of PFUTP and regulation 13(6) of PIT, and was held liable for a total monetary penalty of Rs.5,00,000 under section 23E of SCRA and sections 15HA and 15A(b) of SEBI Act.
Full text
Page 2 of 25 to Securities Markets) Regulations, 2003 (hereinafter referred to as “PFUTP”) and regulation 13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as “PIT”).
Page 3 of 25 7. In the interest of natural justice and in order to conduct an inquiry as per rule 4 (3) of the Rules, the Noticee was granted an opportunity of personal hearing on September 30, 2009 at SEBI, Head Office, Mumbai vide notice dated September 7, 2009. The Noticee vide letter dated September 9, 2009 sought extension. The second opportunity of hearing was granted to the Noticee on October 7, 2009 vide letter dated September 14, 2009. Mr. S. K. Kittur, Authorised Representative of the Noticee (hereinafter referred to as “AR”) appeared on behalf of the Noticee. During the hearing, the AR reiterated the submissions made vide letter dated September 19, 2008. Further to the queries raised during the personal hearing, the AR also submitted certain additional documents.
Page 4 of 25 9. Before moving forward, it will be appropriate to refer to the relevant provisions of Listing Agreement, PFUTP and PIT which reads as under:
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Source: SecMarx — sebi:VSS/AO-185/2009. 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.