sebi:Order/PM/SM/2022-23/17321
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Facts / Headnote
Violation of regulation 7(2)(a) of PIT Regulations held established; penalty of Rs 1,00,000 imposed under section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15F
Regulations
- Reg. 6(2)
- Reg. 7(2)(a)
Parties
- Ravikumar Kavitha
Holding
The Noticee, an employee of Mindtree Ltd., violated regulation 7(2)(a) of the PIT Regulations by failing to disclose trades aggregating to Rs 1,10,17,492 in the quarter ended March 31, 2019, 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 Ravikumar Kavitha, Page 2 of 14 In the matter of Mindtree Ltd. done transactions aggregating to a traded value in excess of Rs 10,00,000 over a calendar quarter.
Adjudication Order in respect of Ravikumar Kavitha, Page 3 of 14 In the matter of Mindtree Ltd. been committed by her. In the SCN, the Noticee was asked to indicate whether she would prefer a personal hearing before the adjudicating officer in the matter.
Adjudication Order in respect of Ravikumar Kavitha, Page 4 of 14 In the matter of Mindtree Ltd. from January 01, 2019 to March 31, 2019 to the Company, within two trading days of the transactions, as confirmed by the Company, vide the December 2020 Replies.
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Source: SecMarx — sebi:Order/PM/SM/2022-23/17321. 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.