sebi:WTM/MPB/EFD-DRA-3/33/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticee found to have engaged in insider trading in MCX scrip and restrained from accessing/dealing in securities market for seven years
Provisions invoked
- s. 11
- s. 11(4)
- s. 19
- s. 370
- s. 12A
- s. 11(2)
- s. 12
- s. 307
- s. 372
- s. 4A
- s. 2(13)
Regulations
- Reg. 4
- Reg. 3
- Reg. 199
- Reg. 3(i)
- Reg. 2
- Reg. 2(c)
- Reg. 2(e)
- Reg. 11
- Reg. 2(h)
- Reg. 2(k)
- Reg. 12
- Reg. 2(e)(i)
Parties
- Shri Hariharan Vaidyalingam
Holding
The Noticee, as an insider of MCX, sold 5,41,032 shares of MCX during July 03, 2012 to August 30, 2012 while in possession of UPSI relating to NSEL, thereby violating regulation 3(i) and 4 of the PIT Regulations, 1992 and section 12A(d) of the SEBI Act. He was restrained from accessing the securities market and prohibited from buying, selling or otherwise dealing in securities for seven years.
Full text
___________________________________________________________________________________________________ Order in the matter of Multi Commodity Exchange of India Limited Page 2 of 46
___________________________________________________________________________________________________ Order in the matter of Multi Commodity Exchange of India Limited Page 3 of 46
___________________________________________________________________________________________________ Order in the matter of Multi Commodity Exchange of India Limited Page 4 of 46
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Source: SecMarx — sebi:WTM/MPB/EFD-DRA-3/33/2018. 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.