sebi:Order/KS/AA/2019-20/6517
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Facts / Headnote
Adjudication proceedings initiated vide Show Cause Notice dated December 05, 2019 disposed of without imposition of any monetary penalty.
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15G
- s. 15J
Regulations
- Reg. 3
- Reg. 3(i)
- Reg. 2
- Reg. 12
Parties
- Shri Abhishek Jalan
Holding
The adjudication proceedings against Shri Abhishek Jalan for trading in PRIL futures during the UPSI period were disposed of without imposition of any monetary penalty.
Full text
Page 2 of 18 2. Pursuant to investigation, SEBI observed that Shri Abhishek Jalan (hereinafter referred to as the ‘Noticee’) had traded on NSE in the scrip of PRIL DVR in the futures segment during the period of UPSI and, therefore, had violated the provisions of Regulations 3(i) and 4 of SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as ‘PIT Regulations, 1992’) read with Regulation 12 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as ‘PIT Regulations, 2015’) and Section 12A (d) & (e) of the SEBI Act, 1992 (hereinafter referred to as ‘SEBI Act’). In view of the same, SEBI initiated adjudication proceedings against the Noticee under Section 15G of the SEBI Act. APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 18 show-cause as to why an inquiry should not be initiated against the Noticee and why penalty should not be imposed upon the Noticee under Section 15G of the SEBI Act for the violations alleged to have been committed by the Noticee.
Page 4 of 18 19:23 (NSE) ended December 31, 2011 10/02/2012 198 201.85 187.2 189.5 1346917 13/02/2012 188.95 189 175.85 176.9 873062
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Source: SecMarx — sebi:Order/KS/AA/2019-20/6517. 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.