sebi:Order/PM/SM/2022-23/17319
Facts / Headnote
Violation established; penalty of Rs 1,00,000 imposed
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15F
Regulations relied on
- SEBI (PIT) Regulations, 2015 — 7(2)(a)
Parties
- Vinay Kumar Sutrave
Holding
The Noticee violated regulation 7(2)(a) of the PIT Regulations by failing to disclose trades exceeding Rs 10,00,000 in a calendar quarter within two trading days, and a monetary penalty of Rs 1,00,000 was imposed under section 15A(b) of the SEBI Act.
Full text
Adjudication Order in respect of Vinay Kumar Sutrave, Page 2 of 17 In the matter of Mindtree Ltd. transactions aggregating to a traded value in excess of Rs 10,00,000 over a calendar quarter.
Adjudication Order in respect of Vinay Kumar Sutrave, Page 3 of 17 In the matter of Mindtree Ltd. 7. The allegations levelled against the Noticee in the SCN are summarized below as follows:
Adjudication Order in respect of Vinay Kumar Sutrave, Page 4 of 17 In the matter of Mindtree Ltd. (vi) Given the above, it was alleged that the Noticee had violated regulation 7(2)(a) of the PIT Regulations. The alleged violation, if established, makes the Noticee liable for monetary penalty under section 15A(b) of the SEBI Act.
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