sebi:EAD/PM-AA/AO/29/2018-19
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Facts / Headnote
SCN disposed of; allegations not sustained, no penalty imposed
Provisions invoked
- s. 15A
Regulations
- Reg. 13(4)
Parties
- Dr. Nilanjan Ghosh
Holding
The allegations in Show Cause Notice EAD/AO-PM/AA/OW/31625/2017 dated December 14, 2017 alleging violation of Regulation 13(4) r/w 13(5) of PIT Regulations, 1992 by Dr. Nilanjan Ghosh cannot be sustained and the SCN is disposed of without penalty.
Full text
Adjudication Order in respect of Dr. Nilanjan Ghosh in the matter of MCX Page 2 of 5 provisions of Regulation 13(4) r/w 13(5) of PIT Regulations by the Noticee. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
Adjudication Order in respect of Dr. Nilanjan Ghosh in the matter of MCX Page 3 of 5 hearing notice only after the date of hearing and requested for another date of hearing. Subsequently, by an email dated August 27, 2018 the Noticee sent additional written submissions reiterating the submissions recoded above. CONSIDERATION OF ISSUES AND FINDINGS
Adjudication Order in respect of Dr. Nilanjan Ghosh in the matter of MCX Page 4 of 5 FINDINGS: 8. It is seen from the Investigation Report (hereinafter referred to as “IR”) and the relevant documents that the Noticee sold a total of 1,181 shares of MCX during the investigation period on 2 dates viz. November 07, 2012 and November 30, 2012. As per the SCN, no disclosures under Reg. 13(4) have been made for sale of shares done on both the days.
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Source: SecMarx — sebi:EAD/PM-AA/AO/29/2018-19. 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.