sebi:ASK/RGA/AO/36/2014
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Allegations not established; matter disposed of
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 12
- s. 4A
Regulations
- Reg. 12(1)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 45
Parties
- Kishore Krishn Patki
Holding
The alleged violation of the provisions of PIT Regulations, 1992 by the Noticee, as specified in the SCN dated April 22, 2014, does not stand established and the matter is disposed of.
Full text
Adjudication order in the matter of M/s Inventure Growth & Securities Ltd. Page 2 of 7 June27 , 2014 2. The examination inter-alia revealed that the shares of IGSL are listed on Bombay Stock Exchange Limited (BSE) and National Stock Exchange Limited (NSE). Mr. Kishore Krishn Patki (hereinafter referred to as 'Noticee'), one of the directors of IGSL had violated provisions of regulation 13(4) read with 13(5) of SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as 'PIT Regulations, 1992') and clause 4.2 of Model Code of Conduct specified in Part A of Schedule I read with regulation 12(1) of PIT Regulations, 1992.
Adjudication order in the matter of M/s Inventure Growth & Securities Ltd. Page 3 of 7 June27 , 2014 15A (b) and 15HB of the SEBI Act for the alleged violation specified in the SCN.
Adjudication order in the matter of M/s Inventure Growth & Securities Ltd. Page 4 of 7 June27 , 2014 a. Whether the Noticee had violated the provisions of regulation 13(4) read with 13(5) of PIT Regulations, 1992 and clause 4.2 of Model Code of Conduct specified in Part A of Schedule I read with regulation 12(1) of PIT Regulations, 1992? b. Does the violation, if any, attract monetary penalty under section 15A (b) and section 15HB of SEBI Act? c. If so, what would be the monetary penalty that can be imposed taking into consideration the factors mentioned in section 15J of SEBI Act?
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:ASK/RGA/AO/36/2014. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.