sebi:Order/PM/SM/2022-23/17388
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15F
Regulations
- Reg. 6(2)
- Reg. 7(2)(a)
Parties
- Sachin Machhindra Vyavahare
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. 48,28,020 in the quarter January 01, 2019 to March 31, 2019 within two trading days, and was held 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 Sachin Machhindra Vyavahare, Page 2 of 15 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 Sachin Machhindra Vyavahare, Page 3 of 15 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 Sachin Machhindra Vyavahare, Page 4 of 15 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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Source: SecMarx — sebi:Order/PM/SM/2022-23/17388. 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.