Home » Entertainment & Arts » SEBI disposes of adjudication proceedings against Raj Kundra and Shilpa Shetty Kundra in case related to alleged disclosure lapses | Hindi Movie News – Bollywood – Times of India
SEBI disposes of adjudication proceedings against Raj Kundra and Shilpa Shetty Kundra in case related to alleged disclosure lapses | Hindi Movie News - Bollywood - Times of India

SEBI disposes of adjudication proceedings against Raj Kundra and Shilpa Shetty Kundra in case related to alleged disclosure lapses | Hindi Movie News – Bollywood – Times of India

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SEBI scraps disclosure lapses case against Raj Kundra and Shilpa Shetty

After the arrest of her husband Raj Kundra in a pornography case, Shilpa Shetty and the family finally got a sigh of relief from atleast one case. Market regulator Sebi has disposed of adjudication proceedings against actor Shilpa Shetty Kundra and her businessman husband Raj Kundra in a case related to alleged disclosure lapses. It was alleged that the couple had violated the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations or SAST rules in the matter of Viaan Industries. SEBI in an order dated July 30 said, “The change in the shareholding of the noticees (couple) did not require any disclosures to be made by them in terms of… SAST Regulations and the allegation levelled in the show cause notice (SCN) that noticees have violated the provisions of… SAST Regulations is not sustainable.” Watch the video for more details.

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