sebi:WTM/SM/ISD/ISD_ISD/14488/2021-22
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Facts / Headnote
Directions issued in the ex-parte ad-Interim Order dated September 27, 2021 confirmed, subject to modifications; Noticees directed to desist from directly accessing the securities market pending completion of investigation; impounded amount deposited in escrow account to remain with lien in favour of SEBI until further orders.
Provisions invoked
- s. 19
- s. 11(1)
- s. 12A
- s. 106
Regulations
- Reg. 2(1)(d)
- Reg. 3(1)
- Reg. 2(1)(n)
- Reg. 3(2)
- Reg. 2(1)(g)(i)
Parties
- Mr. Ramit Chaudhri (Noticee no. 1)
- Mr. Keyur Maniar (Noticee no. 2)
Holding
The Whole Time Member confirmed the directions issued in the ex-parte ad-Interim Order dated September 27, 2021 against Ramit Chaudhri and Keyur Maniar for insider trading in Infosys shares, while partially relaxing the absolute restraints by allowing bank accounts to be unfrozen after escrow deposit, but directing the Noticees to desist from directly accessing the securities market pending completion of investigation.
Full text
Confirmatory Order in the matter of insider trading by employees of Infosys Limited and Wipro Limited in the shares of Infosys Limited
Confirmatory Order in the matter of insider trading by employees of Infosys Limited and Wipro Limited in the shares of Infosys Limited
Confirmatory Order in the matter of insider trading by employees of Infosys Limited and Wipro Limited in the shares of Infosys Limited
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Source: SecMarx — sebi:WTM/SM/ISD/ISD_ISD/14488/2021-22. 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.