Market regulators Sebi on Wednesday slap monetary penalty in Vian Industries Ltd., Shilpa Shetty Kundra and Ripu Sudan Kundra, who are also known as Kundra, for irregularities of disclosure and consequences of violations of trafficking norms.
According to orders SEBI, total plans of RS 3 Lakh have been charged on them to be paid together and very.
Shilpa and Ripu are promoter Vian Industries.
This order follows an investigation conducted between September 2013- December 2015 to ensure a violation of the prohibition on trafficking norms (holes) by the entity.
In October 2015, Vian Industries made a preferential ration of 5 stock stocks of up to four people and each 1,28,800 lakh each, respectively amounting to Rs 2.57 Crore, allocated to ripu and shilpa in allotment.
In this case, they were asked to make a timely disclosure to the company in terms of the Pit Norm because the transaction exceeded the value of Rs 10 Lakh.
“It is in the note that relevant disclosures below the Pit Regulations are made by notifications with more than three years delays,” said Sebi.
“Therefore, considering these facts and circumstances, I argue that this case deserves to force a monetary penalty on the notification,” the officer adjudiced Suresh B in a command.
Notification refers to Vian Industries, Shilpa Shetty Kundra and Ripu Sudan Kundra.
Shilpa and Ripu are company promoters.
Vian Industries Previously known as Hindustan Safety Glass Industries Ltd.