sebi:ORDER/AP/SK/2020-21/9492
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Facts / Headnote
Noticee held liable for violations; penalty imposed (amount not specified in extracted text)
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. 10
- Reg. 9
- Reg. 9(1)
- Reg. 14
- Reg. 01
- Reg. 26
Parties
- Mr. P. Ravishankar
Holding
The Noticee, a designated person of Biocon Limited, violated Clause 6 (pre-clearance) and Clause 10 (contra-trade restriction) of the Code of Conduct under Schedule B of Regulation 9 of the PIT Regulations by executing multiple trades without pre-clearance and engaging in contra trades within six months, and violated Regulation 7(2)(a) of the PIT Regulations by making delayed disclosures (approximately one year late) for transactions exceeding Rs. 10 lakh.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Mr. P. Ravishankar in the matter of Biocon Limited Page 2 of 18
______________________________________________________________________________________ Adjudication Order in respect of Mr. P. Ravishankar in the matter of Biocon Limited Page 3 of 18
______________________________________________________________________________________ Adjudication Order in respect of Mr. P. Ravishankar in the matter of Biocon Limited Page 4 of 18
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Source: SecMarx — sebi:ORDER/AP/SK/2020-21/9492. 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.