sebi:Order/MC/DPS/2019-20/4612-4613
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 both Noticees for violations of PIT Regulations and Code of Conduct
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 12
- s. 15I
- s. 15J
- s. 4A
Regulations
- Reg. 12(1)
- Reg. 9
- Reg. 199
- Reg. 7
- Reg. 6(2)
- Reg. 12
- Reg. 7(2)
- Reg. 7(2)(a)
- Reg. 201
- Reg. 2(d)
Parties
- Ilam C Kamboj
- Alka Kamboj
Holding
Noticee No. 1 (Ilam C Kamboj), as Karta of Ilam C Kamboj HUF and designated person, violated Para 3.2.2, 3.3, 4.2 and 5 of the Code of Conduct read with Regulation 12(1) of PIT Regulations 1992, and Regulation 7(2)(a) read with Regulation 6(2) of PIT Regulations 2015. Noticee No. 2 (Alka Kamboj) violated Clause 10 of the Code of Conduct given in Schedule B under Regulation 9 of PIT Regulations 2015. Total penalty of Rs. 9,00,000 was imposed.
Full text
Adjudication Order in respect of i) Ilam C Kamboj and ii) Alka Kamboj in the matter of M/s Hero Motocorp Ltd Page 2 of 30
Adjudication Order in respect of i) Ilam C Kamboj and ii) Alka Kamboj in the matter of M/s Hero Motocorp Ltd Page 3 of 30
Adjudication Order in respect of i) Ilam C Kamboj and ii) Alka Kamboj in the matter of M/s Hero Motocorp Ltd Page 4 of 30
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Source: SecMarx — sebi:Order/MC/DPS/2019-20/4612-4613. 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.