sebi:Order/SM/HG/2022-23/24450-24471
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings disposed of without imposition of any penalty
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15I
Regulations
- Reg. 7(2)(a)
Holding
The allegation that the Noticees violated Regulation 7(2)(a) of the PIT Regulations does not stand established, and the adjudication proceedings initiated vide SCN dated August 09, 2021 stand disposed of without imposition of any penalty.
Full text
Adjudication Order in the matter of Titan Company Ltd. Page 2 of 12 21 Govind Narayan Gupta AFLPN1696M 22 Ganeshkumar k AHMPG8793M (hereinafter collectively referred to as ‘Noticees’)
Adjudication Order in the matter of Titan Company Ltd. Page 3 of 12 17 R Saravanan Order/SM/DD/2022-23/18015 July 27, 2022 1,00,000 18 Raghuraman Rangharajan
Adjudication Order in the matter of Titan Company Ltd. Page 4 of 12 “…………….. 3. We find that the controversy involved in the present appeals is squarely covered by the decision of this Tribunal in Appeal no.654 of 2022, Sudhir Bapusaheb Devkar v. SEBI decided on 10th October, 2022. Accordingly, the impugned orders are quashed. The appeals are allowed. The matter is remitted to the Adjudicating Officer to pass a fresh order in the light of the
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/SM/HG/2022-23/24450-24471. 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.