sebi:EAD-2/SS/SK/2018-19/1485-1490
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Facts / Headnote
No penalty imposed; SCN disposed of
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 9
- Reg. 9(1)
Parties
- Noticee No. 1
- Noticee No. 2
- Noticee No. 3
- Noticee No. 4
- Noticee No. 5
- Noticee No. 6
Holding
The Noticees, as designated persons of Marksans Pharma Ltd., violated Clause 4 of Schedule B read with Regulation 9(1) of the PIT Regulations by trading during closed trading windows, but no penalty under Section 15HB of the SEBI Act was imposed as the action already taken by the company was commensurate.
Full text
______________________________________________________________________________________ Adjudication Order in respect of six entities in the matter of Marksans Pharma Ltd. Page 2 of 14 (Ref No.: EAD-2/SS/SK/41/94-99/2018-19)
______________________________________________________________________________________ Adjudication Order in respect of six entities in the matter of Marksans Pharma Ltd. Page 3 of 14 (Ref No.: EAD-2/SS/SK/41/94-99/2018-19)
______________________________________________________________________________________ Adjudication Order in respect of six entities in the matter of Marksans Pharma Ltd. Page 4 of 14 (Ref No.: EAD-2/SS/SK/41/94-99/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/SK/2018-19/1485-1490. 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.