#Sebi has barred the three individuals from the securities market for two years. 1 (Shah) for communicating the UPSI to Noticee Nos. 2 and 3 have been adequately established," Sebi said. Also, a penalty of Rs 30 lakh each has been imposed on the three individuals. In August 2021, Sebi had passed an interim order in the matter prohibiting 14 entities, including individuals, from the securities market until further orders by and impounded illegal gains of Rs 23.84 crore generated from insider tradings. Later a confirmatory order was passed by Sebi against certain entities in September 2021.