sebi:Order/SM/DD/2021-22/15603
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed 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
- Ashik M. P.
Holding
Noticee, being an employee of Titan Company Ltd., violated Regulation 7(2)(a) of PIT Regulations on four occasions during October-December 2018 by failing to disclose trades exceeding Rs. 10 lakh. A monetary penalty of Rs. 1,00,000 under Section 15A(b) of the SEBI Act was imposed on him.
Full text
Adjudication Order in respect of Ashik M. P. in the matter of Titan Company Ltd. Page 2 of 9 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Ashik M. P. in the matter of Titan Company Ltd. Page 3 of 9 regard, 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 Ashik M. P. 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/2021-22/15603. 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.