sebi:Order/PM/PA/2021-22/14757
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Facts / Headnote
Penalty of Rs 1,00,000 imposed under section 15A(b) of the SEBI Act for violation of regulation 7(2)(a) of the PIT Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15J
- s. 15F
Regulations
- Reg. 6(2)
- Reg. 7(2)(a)
Parties
- Gonuguntla Harish
Holding
The Noticee, an employee of Mindtree Ltd., violated regulation 7(2)(a) of the PIT Regulations by failing to disclose seven transactions aggregating to Rs 12,389,910 in the calendar quarter January 01, 2019 to March 31, 2019, and a monetary penalty of Rs 1,00,000 under section 15A(b) of the SEBI Act was imposed on him.
Full text
Adjudication order in respect of Gonuguntla Harish Page 2 of 14 in the matter of Mindtree Ltd. 3. The investigation revealed that Gonuguntla Harish (hereinafter referred to as the “Noticee”) was an employee of the Company and had transacted in the Company’s scrip on multiple occasions, including during the Investigation Period. It was further observed that the Noticee had done transactions aggregating to a traded value in excess of Rs 10,00,000 over a calendar quarter.
Adjudication order in respect of Gonuguntla Harish Page 3 of 14 in the matter of Mindtree Ltd. C. SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication order in respect of Gonuguntla Harish Page 4 of 14 in the matter of Mindtree Ltd. (hereinafter referred to as “BSE”) and National Stock Exchange of India Limited (hereinafter referred to as “NSE”) with respect to the employees of the Company, in the Company’s scrip, and it was observed that the Noticee had executed transactions aggregating to a traded value in excess of Rs 10,00,000 in a calendar quarter i.e., from January 01, 2019 till March 31, 2019.
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Source: SecMarx — sebi:Order/PM/PA/2021-22/14757. 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.