sebi:Order/SM/DD/2022-23/18391
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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
- Deep Chandra Pandey
Holding
The Noticee, an employee of Titan Company Ltd., violated Regulation 7(2)(a) of PIT Regulations on five occasions by failing to disclose transactions in Titan securities 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 Deep Chandra Pandey in the matter of Titan Company Ltd. Page 2 of 10 ‘SEBI Act’) for alleged violation of Regulation 7(2)(a) of PIT Regulations by Noticee.
Adjudication Order in respect of Deep Chandra Pandey in the matter of Titan Company Ltd. Page 3 of 10 excess of the limit specified in Regulation 7(2)(a) of PIT Regulations, Noticee was required to make disclosure in terms of the aforesaid regulation. In this 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 Deep Chandra Pandey in the matter of Titan Company Ltd. Page 4 of 10 e. He did not have any intention to violate PIT Regulations or Code of Conduct by any means.
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Source: SecMarx — sebi:Order/SM/DD/2022-23/18391. 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.