 "Sebi")
Markets watchdog Sebi has imposed a fine of Rs 2 lakh on Siddarth Businesses Ltd, currently known as Shivamshree Businesses Ltd, for submitting incorrect and misleading documents with respect to pre-clearance of trades.
During an investigation, through summons dated January 17, 2018, Siddarth Business (noticee) was asked to provide details of pre-clearance obtained by all directors and the code of conduct to regulate, monitor and report trading by insiders adopted by the company.
Subsequently, documents were submitted to the regulator. However, Sebi found that they were incorrect and misleading.
"On the basis of facts and circumstances of the case, the
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