(PTI)
Markets regulator Sebi has imposed a total penalty of Rs 13 lakh on Agnite Education and three other entities for failing to provide information sought by it. It has levied a fine of Rs 8 lakh on Agnite Education (formerly known as Teledata Informatics) for making incorrect disclosure repetitively about shareholding and for failing to comply with the multiple summons issued to it, Sebi said in an order.
Through summons, Sebi’s investigating officer (IA) had sought information pertaining to dates of internal meetings and names of all the persons involved; details of communication to exchanges with regard to corporate announcements, date and time of opening of trading window and details of bank accounts among others.
The Securities and Exchange Board of India (Sebi) had conducted a probe into possible violation of the provisions of various regulations during March-December, 2007. In a separate order, Sebi has slapped a fine of Rs 2 lakh each on Arma Financial Services Ltd and Amoha Traders Pvt Ltd; and Rs 1 lakh on Jamsheed M Panday for their failure to provide information sought by it through summons in the matter of Agnite Education.
