Adjudication Order in respect of Ms. Sushila Devi in the matter of Maithan Alloys Limited

Author
View profile
Last updated: 09 December 2020
Quick Summary
This adjudication order concerns Ms. Sushila Devi and Maithan Alloys Limited. SEBI investigated the company's shareholding disclosures between April and June 2015. It was observed that Ms. Sushila Devi, a promoter, sold 57,295 shares during this period, leading to a decrease in promoter shareholding. This action potentially contravened SEBI's disclosure requirements under the Prohibition of Insider Trading Regulations.

Court :
SEBI

Brief :
Maithan Alloys Limited (hereinafter referred to as 'the company' or 'MAL'), is a company having its shares listed on National Stock Exchange of India limited (‘NSE’), The Calcutta Stock Exchange Limited (‘CSE’) and Metropolitan Stock Exchange of India Limited (MSE) and is traded on BSE Ltd. (‘BSE’) trading platform under “Permitted to Trade” category. Securities and Exchange Board of India ("SEBI") conducted investigation in the affairs of the company during the period from April 13, 2015 to June 12, 2015.

Citation :
[ADJUDICATION ORDER No.: Order/AP/SK/2020-21/9768]

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited Judgements Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

 
downloaded 303 times


Guest

Judgement posted by

Guest

View Judgements
Comments


Recent Judgments :

  1. CESTAT: Service Tax Demand Based Solely on ITR Data Unsustainable; 40% Valuation Applicable to Original Works Contract
  2. CESTAT: Renting Vehicles on Per-Trip Basis Not Taxable as Supply of Tangible Goods
  3. CESTAT Denies Refund of Ocean Freight Service Tax Claim Filed Beyond Limitation
  4. CESTAT Quashes Service Tax Demand Based Merely on Form 26AS; Renting of Residential Hostel Held Non-Taxable
  5. CESTAT: Rajasthan Sales Tax Subsidy under RIPS 2010 Not includible in Excise Assessable Value
  6. CESTAT: Late Payment Charges in the Nature of Interest Not Taxable as Declared Service
  7. CESTAT: Educational Services Exempt Under Section 66D; Extended Period Cannot Be Invoked Without Wilful Suppression
  8. CESTAT: No Service Tax on Royalty under RCM if Mining Lease Was Executed Before 1 April 2016
  9. No pre-deposit required for filing appeal before the GSTAT against penalty-only orders where proceedings commenced prior to October 01 2025
  10. Refund cannot be withheld under Section 54(11) of the CGST Act merely because the Revenue contemplates filing an appeal

View More Judgments »


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Divya KanodiaDivya KanodiaPro Member CA Rahul PatwardhanCA Rahul PatwardhanPro Member ajay khannaajay khannaPro Member Samruddhi AgrawalSamruddhi AgrawalPro Member CA Lalit Kumar AgrawalCA Lalit Kumar Agrawal
Subscribe to Pro
Join an elite circle of professionals

Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details