sebi:WTM/PS/91/IVD/NOV/2015
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Facts / Headnote
Impound alleged unlawful gains of Rs. 10,41,005 jointly and severally from Mr. Amit Jaiswal and Ms. Mansi; freeze bank and demat accounts; direct deposit into escrow account; order inventory of assets; without prejudice to further action.
Provisions invoked
- s. 11(4)
- s. 19
- s. 12A
Regulations
- Reg. 12(1)
- Reg. 3
- Reg. 4
- Reg. 2
- Reg. 2(c)
- Reg. 2(e)
- Reg. 3(a)
- Reg. 10
- Reg. 14
Parties
- Mr. Amit Jaiswal
- Ms. Mansi
Holding
SEBI, as an interim measure under section 11(4)(d) of the SEBI Act, 1992, impounded alleged unlawful gains of Rs. 10,41,005 (Rs. 6,01,937 gains plus Rs. 4,39,068 interest) jointly and severally from Mr. Amit Jaiswal and Ms. Mansi for alleged insider trading in shares of Jagran Prakashan Limited during August-October 2009.
Full text
Page 1 of 9 WTM/PS/91/IVD/NOV/2015 SECURITIES AND EXCHANGE BOARD OF INDIA ORDER Under sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 and regulation 14 of the SEBI (Prohibition of Insider Trading) Regulations, 1992 read with regulations 10 and 12 of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Page 2 of 9 of events leading to publication of interim dividend, as per the reply dated March 25, 2015 of the Company are as follows:- Table I S. No. Date Activity 1 Oct 14, 2009 Date when agenda proposing interim dividend of `2/- for FY 2009-10 was prepared. 2 Oct 15, 2009 Date when agenda proposing interim dividend of `2/- for FY 2009-10 was circulated to the Board of Jagran. 3 Oct 27, 2009 The date of Board meeting when the proposal of interim dividend was discussed and approved. 4 Oct 27, 2009 (i) At 13:43 in BSE and (ii) at 13:54 in NSE Board of Directors declared interim dividend of `2/- per equity share for FY 2009-2010
Page 3 of 9 2. Financial results for the quarter ended September 30, 2009: (i) The Company published its financial result for the quarter that ended on September 30, 2009 in the BSE on October 27, 2009 (at 14:07 hours) and in the NSE on October 28, 2009 (at 14:25 hours). (ii) The chronology of events leading to publication of financial results, as per the reply dated March 26, 2015, are as follows: Table II S.No. Date Activity 1 Oct 15, 2009 Date when the agenda of the financial results for September 2009 quarter was circulated to the Audit Committee and the Board of the Company 2 Oct 27, 2009 Date of meeting of Audit Committee and the Board when the financial results for September 2009 quarter were discussed 3 Oct 27, 2009 Date of approval of the financial results for September 2009 quarter by Audit Committee and the Board 4 Oct 27, 2009 14:07(BSE) Oct 28, 2009 14:25(NSE) Press release of the Financial Results for September 2009 quarter
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Source: SecMarx — sebi:WTM/PS/91/IVD/NOV/2015. 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.