sebi:WTM/AB/IVD/ID2/15/2021-22
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Facts / Headnote
Representation allowed - permission to sell shares granted subject to conditions
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(5)
Regulations
- Reg. 9
Holding
Mr. Mehul Johnson may sell 9,18,970 equity shares of Indiabulls Ventures Limited by availing the services of Dhani Stocks Ltd. The sale shall be completed within three months subject to compliance with insider-trading and reporting conditions.
Full text
Order on the representation made by Mr. Mehul Johnson Page 1 of 8 WTM/AB/IVD/ID2/15/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA
Order on the representation made by Mr. Mehul Johnson Page 2 of 8 c. That the amount of Rs. 87,21,918.55/- which was impounded from the Noticees vide interim impounding order cum show cause notice dated May 09, 2019 stands disgorged and shall be remitted to Investor Protection and Education Fund (IPEF) referred to in Section 11(5) of the SEBI Act, 1992.
Order on the representation made by Mr. Mehul Johnson Page 3 of 8 (b) Shares of Indiabulls Real Estate Limited and Indiabulls Ventures Limited shall be sold as per the Code of Conduct of these companies made under Regulations 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 to regulate, monitor and report trading by its designated persons and immediate relatives of designated persons, if applicable to the Representors;
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Source: SecMarx — sebi:WTM/AB/IVD/ID2/15/2021-22. 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.