sebi:Order/SM/DD/2022-23/18449
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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
- Mr. Ganesh Kumar K
Holding
The Noticee, an employee of Titan Company Ltd., violated Regulation 7(2)(a) of PIT Regulations on five occasions by failing to disclose trades whose cumulative traded value exceeded Rs. 10 lakh, and was held liable for monetary penalty under Section 15A(b) of SEBI Act.
Full text
Adjudication Order in respect of Mr. Ganesh Kumar K in the matter of Titan Company Ltd. Page 2 of 11 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Mr. Ganesh Kumar K in the matter of Titan Company Ltd. Page 3 of 11 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 Mr. Ganesh Kumar K in the matter of Titan Company Ltd. Page 4 of 11 1) Whether Noticee has violated Regulation 7(2)(a) of PIT Regulations?
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Source: SecMarx — sebi:Order/SM/DD/2022-23/18449. 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.