sebi:EAD/PM-AB/AO/26/2018-19
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Facts / Headnote
SCN disposed of; allegations not sustained, no penalty imposed
Provisions invoked
- s. 15A
Regulations
- Reg. 13(4)
Parties
- Shri V. Raghvendra Prasad
Holding
The allegations in Show Cause Notice EAD/AO-PM/AA/OW/31632/2017 dated December 14, 2017 alleging violation of Regulation 13(4) r/w 13(5) of PIT Regulations, 1992 by Shri V. Raghvendra Prasad cannot be sustained and the SCN is disposed of without penalty.
Full text
Adjudication Order in respect of V. Raghvendra Prasad 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 V. Raghvendra Prasad in the matter of MCX Page 3 of 5 his authorized representative appeared on the said date and reiterated the submissions made vide letter dated January 1, 2018. CONSIDERATION OF ISSUES AND FINDINGS
Adjudication Order in respect of V. Raghvendra Prasad in the matter of MCX Page 4 of 5 8. It is seen from the Investigation Report (hereinafter referred to as “IR”) and the relevant documents that the Noticee sold a total of 1,550 shares of MCX during the investigation period on 4 dates viz. December 17, 2012, January 14, 2013, February 13, 2013 and February 14, 2013. As per the SCN, no disclosures under Reg. 13(4) have been made for sale of shares done on December 17, 2012.
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Source: SecMarx — sebi:EAD/PM-AB/AO/26/2018-19. 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.