sebi:Order/SM/DD/2021-22/14588
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on Noticee under Section 15A(b) of SEBI Act for violation of Regulation 7(2)(a) of PIT Regulations
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7(2)(a)
Parties
- Mr. Rajesh Chamy
Holding
Noticee, an employee of Titan Company Ltd., 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 Rajesh Chamy in the matter of Titan Company Ltd. Page 2 of 9 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Rajesh Chamy in the matter of Titan Company Ltd. Page 3 of 9 c) In view of the above observations, it was alleged that Noticee has violated Regulation 7(2)(a) of PIT Regulations, on two (2) occasions by not making disclosures as required in terms of aforesaid Regulation.
Adjudication Order in respect of Rajesh Chamy in the matter of Titan Company Ltd. Page 4 of 9 2) Does the violation, if any, attract monetary penalty under Section 15A(b) of SEBI Act?
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Source: SecMarx — sebi:Order/SM/DD/2021-22/14588. 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.