sebi:Order/SM/DD/2021-22/14538
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Facts / Headnote
Violation established; penalty of Rs. 1,00,000 imposed under Section 15A(b) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7(2)(a)
Parties
- Mr. Patil Basavaraj Mallikarjun
Holding
Noticee violated Regulation 7(2)(a) of PIT Regulations on two occasions by failing to disclose trades exceeding Rs. 10 lakh 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 Mr. Patil Basavraj Malikarjun in the matter of Titan Company Ltd. Page 2 of 9 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Mr. Patil Basavraj Malikarjun in the matter of Titan Company Ltd. Page 3 of 9 Regulation 7(2)(a) of PIT Regulations, Noticee was required to make disclosure in terms of the aforesaid Regulation on two (2) occasions. In this regard, TCL vide email dated October 28, 2020, confirmed that it had not received any disclosures from Noticee.
Adjudication Order in respect of Mr. Patil Basavraj Malikarjun in the matter of Titan Company Ltd. Page 4 of 9 CONSIDERATION OF ISSUES, EVIDENCE AND FINDINGS
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Source: SecMarx — sebi:Order/SM/DD/2021-22/14538. 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.