sebi:EAD-2/DSR/PU/145/2014
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Facts / Headnote
Penalty of INR 5,00,000 imposed on Ms Chandana Gosh under Section 15A(b) of SEBI Act for violation of Regulation 13(4) read with Regulation 13(5) of PIT Regulations
Provisions invoked
- s. 15
- s. 15J
- s. 2(30)
- s. 2(24)
Regulations
- Reg. 13
- Reg. 2
Parties
- Ms Chandana Gosh
Holding
The Noticee, as Head-Human Resource & Competency Development with subordinates to direct, is an 'officer' under Regulation 2(g) of PIT Regulations read with Section 2(30) of Companies Act, 1956, and violated Regulation 13(4) read with 13(5) by failing to timely disclose sale of 10,000 shares, and is liable to penalty under Section 15A(b) of SEBI Act.
Full text
Page 2 of 13 Act, 1992 (hereinafter referred to as 'SEBI Act') read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) to inquire into and adjudge under 15A(b) of the SEBI Act, the alleged violation of the provisions of law by the Noticee.
Page 3 of 13 was requested and the same was granted. Accordingly, vide letter dated May 12, 2014, the Noticee submitted additional reply in the matter.
Page 4 of 13 (a) the receipts of intimation of allotment of shares, or (b) the acquisition or sale of shares or voting rights, as the case may be.”
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Source: SecMarx — sebi:EAD-2/DSR/PU/145/2014. 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.