sebi:Order/SM/DD/2021-22/14951
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Facts / Headnote
Penalty imposed on Noticee 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
- Deepak Kumar
Holding
The Noticee, an employee of Titan Company Ltd., violated Regulation 7(2)(a) of the PIT Regulations on three occasions by failing to disclose transactions in Titan shares exceeding ten lakh rupees within two trading days, and a penalty of Rs. 1,00,000 was imposed under Section 15A(b) of the SEBI Act.
Full text
Adjudication Order in respect of Deepak Kumar in the matter of Titan Company Ltd. Page 2 of 9 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Deepak Kumar in the matter of Titan Company Ltd. Page 3 of 9 in reply to a query by SEBI, TCL vide email dated October 28, 2020, confirmed that it had not received any disclosures from Noticee.
Adjudication Order in respect of Deepak Kumar in the matter of Titan Company Ltd. Page 4 of 9 9. I have carefully perused the charges levelled against Noticee, replies/submissions filed by Noticee and other documents/ evidence available on record. The issues that arise for consideration in the present case are:
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Source: SecMarx — sebi:Order/SM/DD/2021-22/14951. 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.