sebi:Order/PM/PA/2021-22/14760
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Facts / Headnote
Violation of regulation 7(2)(a) of PIT Regulations established; penalty of Rs 1,00,000 imposed under section 15A(b) of the SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15F
Regulations
- Reg. 199
- Reg. 6(2)
- Reg. 7(2)(a)
Parties
- Jagdish Singh Raghuwanshi
Holding
The Noticee, an employee who traded to a total value of Rs 3,496,650 in the calendar quarter January 01, 2019 to March 31, 2019 without disclosure within two trading days, violated regulation 7(2)(a) of the PIT Regulations and is liable to a monetary penalty of Rs 1,00,000 under section 15A(b) of the SEBI Act.
Full text
Adjudication order in respect of Jagdish Singh Raghuwanshi Page 2 of 18 in the matter of Mindtree Ltd. 3. The investigation revealed that Jagdish Singh Raghuwanshi (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 Jagdish Singh Raghuwanshi Page 3 of 18 in the matter of Mindtree Ltd. C. SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication order in respect of Jagdish Singh Raghuwanshi Page 4 of 18 in the matter of Mindtree Ltd. 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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