Adjudication order in respect of Fourteen entities in the matter of Sunrise Asian Ltd

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Last updated: 30 September 2020
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The Securities and Exchange Board of India (SEBI) has issued an adjudication order against Sunrise Asian Ltd and thirteen other entities, including various LLPs and individuals. These entities have been found to have violated regulations concerning insider trading and substantial acquisition of shares and takeovers. The order details the specific breaches of the SEBI (Prohibition of Insider Trading) Regulations, 1992 and 2015, as well as the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Court :
SEBI

Brief :
UNDER SECTION 15-I (2) OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 AND RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES) RULES, 1995.

Citation :
ADJUDICATION ORDER: Order/MC/VS/2020-21/9262-9275

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