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Sep 20, 2017
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Sebi slaps Rs 31 lakh fine on 3 entities for disclosure lapses
Markets regulator Sebi today imposed a total penalty of Rs 31 lakh on three entities for disclosure lapses with regard to trading in the shares of Pro Fin Capital Services Ltd (PFCSL).The regulator has imposed a fine of Rs 15 lakh on Naresh Laxminarayan Grover and Rs 8 lakh each on Anupam Narain Gupta and Triyamb Securities.While Gupta and Triyamb Securities are the promoters of PFCSL, the former is also the firm's director.Sebi had conducted a probe in the share trading of PFCSL for the period from July 2012 to January 2014, following which it was revealed that no disclosures were made under various regulations of PIT (Prohibition of Insider Trading) Regulations and SAST (Substantial Acquisition of Shares and Takeovers) Regulations, by the three entities.
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http://www.zeebiz.com
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