sebi:Order/SM/DD/2022-23/18446
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 7(2)(a)
Parties
- O Boopathi
Holding
Noticee O Boopathi violated Regulation 7(2)(a) of PIT Regulations on five occasions by failing to disclose trades exceeding Rs. 10 lakh, and a penalty of Rs. 1,00,000 under Section 15A(b) of SEBI Act was imposed.
Full text
Adjudication Order in respect of O Boopathi in the matter of Titan Company Ltd. Page 2 of 9 ‘SEBI Act’) for alleged violation of Regulation 7(2)(a) of PIT Regulations by Noticee.
Adjudication Order in respect of O Boopathi in the matter of Titan Company Ltd. Page 3 of 9 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 O Boopathi in the matter of Titan Company Ltd. Page 4 of 9 CONSIDERATION OF ISSUES, EVIDENCE AND FINDINGS
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