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January 06, 2004
PR No. 02/2004
Order against Shri A.L. Shilotri in the matter of insider trading by Shri J.E. Talaulicar in the shares of M/s. Tata Finance Limited.
Shri T. M. Nagarajan, Whole–time Member, Securities and Exchange Board of India (SEBI) has issued an order dated January 02, 2004 against Shri A.L. Shilotri in the matter of insider trading by Shri J.E. Talaulicar in the shares of M/s. Tata Finance Limited. In the said order, Shri Shilotri has been found guilty of violating Regulation 3 of SEBI (Prohibition of Insider Trading) Regulations, 1992. Shri Shilotri has, accordingly, been directed to dissociate himself from the securities market and not to deal in securities henceforth for a period of 6 months.
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