sebi:Order/AN/PR/2022-23/24275
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Facts / Headnote
Noticee-6 (Shubro Sankha Das Sarma) held liable for violation of Regulation 4(1) and 4(2)(q) of PFUTP Regulations; violation of Regulation 3(a) not established; penalty imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 12
- s. 15J
- s. 15F
- s. 28A
- s. 15D
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 1
- Reg. 200
- Reg. 2
- Reg. 3(a)
- Reg. 18
- Reg. 25(19)
- Reg. 4(2)
- Reg. 4(2)(q)
- Reg. 25
- Reg. 75A(b)
- Reg. 44(1)
- Reg. 25(16)
- Reg. 75A
Parties
- Bank of India Investment Managers Pvt. Ltd.
- Mr. Rajesh Chawathe
- Mr. Sandeep Dasgupta
- Ms. Jayati Dasgupta
- Ms. Anurupa Dasgupta
- Mr. Shubro Sankha Das Sarma
- Mr. Alok Singh
Holding
Noticee-6, as a member of the Valuation Committee of BOI AXA AMC, was found to be in possession of material unpublished information regarding per-day provisioning of defaulted securities (Kwality and RKV) and was held liable for violating Regulation 4(1) and 4(2)(q) of PFUTP Regulations for redeeming his units in the Credit Risk Fund while in possession of such information. However, the violation of Regulation 3(a) (fraudulent dealing) was not established as the record did not show inducement of any other person to deal in securities.
Full text
_______________________________________________________________________________________________ Adjudication Order in respect of Shubro Sankha Das Sarma in the matter of Inspection of BOI AXA Mutual Fund Page 2 of 41
_______________________________________________________________________________________________ Adjudication Order in respect of Shubro Sankha Das Sarma in the matter of Inspection of BOI AXA Mutual Fund Page 3 of 41
_______________________________________________________________________________________________ Adjudication Order in respect of Shubro Sankha Das Sarma in the matter of Inspection of BOI AXA Mutual Fund Page 4 of 41
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Source: SecMarx — sebi:Order/AN/PR/2022-23/24275. 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.