sebi:Order/SM/DD/2021-22/14759
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Facts / Headnote
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. Santosh S. Chitnish
Holding
The Noticee, an employee of Titan Company Ltd., violated Regulation 7(2)(a) of PIT Regulations on two occasions and was held liable for monetary penalty under Section 15A(b) of the SEBI Act, with a penalty of Rs. 1,00,000 imposed.
Full text
Adjudication Order in respect of Santosh S. Chitnish in the matter of Titan Company Ltd. Page 2 of 9 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Santosh S. Chitnish 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 Santosh S. Chitnish in the matter of Titan Company Ltd. Page 4 of 9 CONSIDERATION OF ISSUES, EVIDENCE AND FINDINGS
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