sebi:SO/NH/VS/2022-23/6624
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated September 9, 2021 disposed of on settlement payment
Provisions invoked
- s. 15J
Regulations
- Reg. 7
- Reg. 25
- Reg. 23
- Reg. 201
- Reg. 9
Parties
- Mr. Kamal Gianchandani
Holding
In exercise of powers under Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations, the adjudication proceedings against Mr. Kamal Gianchandani are disposed of upon payment of Rs. 30,74,500 settlement amount.
Full text
Settlement Order in respect of Mr. Kamal Gianchandani in the matter of PVR Limited Page 2 of 7 Sections 15A (b) and 15HB of the SEBI Act, for the alleged violations of the PIT Regulations 2015.
Settlement Order in respect of Mr. Kamal Gianchandani in the matter of PVR Limited Page 3 of 7 Date and time of information regarding Trading Window Closure sent to Designated person through email Date of start of closure of Trading Window Date of end of closure of Trading Window Date of Next board Meeting Reason for such closure 10/06/2015 17:45 12/06/2015 14/06/2015 12/06/2015 Urgent meeting 08/07/2015 16:21 09/07/2015 23/07/2015 22/07/2015 Fin Results for June 30, 2015 20/10/2015 13:42 20/10/2015 05/11/2015 03/11/2015 Fin Results for Sep 30, 2015 21/01/2016 11:38 21/01/2016 31/01/2016 29/01/2016 Fin Results for Dec 31, 2015 18/05/2016 12:45 19/05/2016 29/05/2016 27/05/2016 Fin Results for Mar 31, 2016 20/07/2016 11:35 21/07/2016 31/07/2016 28/07/2016 Fin Results for June 30, 2016 19/10/2016 12:09 20/10/2016 29/10/2016 27/10/2016 Fin Results for Sep 30, 2016 25/01/2017 11:53 26/01/2017 05/02/2017 03/02/2017 Fin Results for Dec 31, 2016
Settlement Order in respect of Mr. Kamal Gianchandani in the matter of PVR Limited Page 4 of 7 Date Type of transaction No. of security Value (Rs.) Pre-clearance Disclosures required under Regulation 7 (2) (a) of SEBI (PIT) Regulation, 2015 18/10/2016 Sell 8,496 1,02,59,368 No pre-clearance obtained ending Dec 31, 2016, having value in excess of ten lakh rupees 19/10/2016 Sell 8,486 1,02,48,914 No pre-clearance obtained
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Source: SecMarx — sebi:SO/NH/VS/2022-23/6624. 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.