sebi:Order/PM/PA/2021-22/14571
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 9,00,000 imposed under Section 15HB of the SEBI Act for violation of Clause 6 of the Code of Conduct read with Regulation 9(1) of the PIT Regulations
Provisions invoked
- s. 15
- s. 19
- s. 11B
- s. 12A
- s. 11
- s. 15H
- s. 15G
- s. 15J
- s. 15F
- s. 10
- s. 150
Regulations
- Reg. 13(1)
- Reg. 7
- Reg. 13(3)
- Reg. 3
- Reg. 5
- Reg. 4
- Reg. 11
- Reg. 7(1)
- Reg. 13(5)
- Reg. 7(2)
- Reg. 7(2)(a)
- Reg. 2(1)(l)
- Reg. 8
- Reg. 9
- Reg. 58
- Reg. 9(1)
Parties
- NS Agrawal Trading Corporation Ltd.
Holding
The Noticee, as a designated person, violated Clause 6 of the Code of Conduct read with Regulation 9(1) of the PIT Regulations by executing 17 transactions exceeding the Rs. 10 lakhs threshold without obtaining pre-clearance, and a monetary penalty of Rs. 9,00,000 under Section 15HB of the SEBI Act was imposed.
Full text
Adjudication order in respect of NS Agrawal Trading Corporation Ltd. Page 2 of 22 in the matter of Sanwariya Consumer Ltd.
Adjudication order in respect of NS Agrawal Trading Corporation Ltd. Page 3 of 22 in the matter of Sanwariya Consumer Ltd.
Adjudication order in respect of NS Agrawal Trading Corporation Ltd. Page 4 of 22 in the matter of Sanwariya Consumer Ltd.
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Source: SecMarx — sebi:Order/PM/PA/2021-22/14571. 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.