sebi:ORDER/AP/SK/2020-21/9436
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee for violations of PIT Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 7(2)
- Reg. 7(2)(a)
- Reg. 7(2)(b)
- Reg. 9
- Reg. 9(1)
- Reg. 03
- Reg. 26
Parties
- Ms. Vandana Singh
Holding
The Noticee, a designated person of Biocon Limited, violated Clause 6 of Code of Conduct under Schedule B of Regulation 9(1) of the PIT Regulations by not obtaining pre-clearance from the compliance officer, and violated Regulation 7(2)(a) of the PIT Regulations by making delayed disclosures. A consolidated monetary penalty of Rs. 3,00,000/- was imposed for both violations.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Ms. Vandana Singh in the matter of Biocon Limited Page 2 of 14
______________________________________________________________________________________ Adjudication Order in respect of Ms. Vandana Singh in the matter of Biocon Limited Page 3 of 14
______________________________________________________________________________________ Adjudication Order in respect of Ms. Vandana Singh in the matter of Biocon Limited Page 4 of 14
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Source: SecMarx — sebi:ORDER/AP/SK/2020-21/9436. 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.