sebi:EAD-3/ORDER/JS/SP/3033-3039/2019-20
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Facts / Headnote
Penalties imposed on all Noticees for violations of PIT Regulations
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15G
- s. 15J
- s. 15F
Regulations
- Reg. 12(1)
- Reg. 3
- Reg. 3(i)
- Reg. 12
Parties
- MJVVD Prakash
- P Venkateswara Rao
- M Jyotsana Lakshmi
- JVV Raghava Kumar
- M Satish Kumar
- K S Chakravarthi
- K Vijaya Rama Raju
Holding
The Adjudicating Officer held that Prakash violated Regulation 3(i) read with Regulation 12 of PIT Regulations by trading while in possession of UPSI, and all seven Noticees violated Regulation 12(1) read with Clause 1.2 of Schedule I of Part A of Model Code of Conduct of PIT Regulations by failing to frame a code of conduct for insider trading. Penalties of Rs. 10 lakhs on Prakash under Section 15G and Rs. 5 lakhs each on all seven Noticees under Section 15HB were imposed.
Full text
Adjudication Order passed in respect of Prakash, Venkateswara, Jyotsana, Raghava, Satish, Chakravarthi and Vijaya in the matter of Ranklin Solutions Ltd. Page 2 of 11
Adjudication Order passed in respect of Prakash, Venkateswara, Jyotsana, Raghava, Satish, Chakravarthi and Vijaya in the matter of Ranklin Solutions Ltd. Page 3 of 11
Adjudication Order passed in respect of Prakash, Venkateswara, Jyotsana, Raghava, Satish, Chakravarthi and Vijaya in the matter of Ranklin Solutions Ltd. Page 4 of 11
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Source: SecMarx — sebi:EAD-3/ORDER/JS/SP/3033-3039/2019-20. 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.