Dr. (Mrs.) Swati A. Piramal
Penalties and directions recorded
- Impugned AO order dated Oct 3, 2016 imposed joint and several penalty of Rs 5 lakh under Sec 15HB for Clauses 3.2.1, 3.2.3(f) violation
- Impugned AO order dated Oct 3, 2016 imposed joint and several penalty of Rs 1 lakh under Sec 15HB for Clauses 1.2, 2.2 violation
- AO penalty Rs 5 lakh jointly and severally for failure to close trading window
- AO penalty Rs 1 lakh jointly and severally for failure on need-to-know basis
SAT-appeal
- Failure to close trading window during UPSI on sale of domestic healthcare business to Abbott and for 24 hours after disclosure; failure to hold price-sensitive information on need-to-know basis.Impugned AO order dated Oct 3, 2016 imposed joint and several penalty of Rs 5 lakh under Sec 15HB for Clauses 3.2.1, 3.2.3(f) violation · Impugned AO order dated Oct 3, 2016 imposed joint and several penalty of Rs 1 lakh under Sec 15HB for Clauses 1.2, 2.2 violation
- Sale of PEL domestic healthcare business to Abbott as UPSI; failure to close trading window during UPSI and 24 hrs after disclosure and failure to handle UPSI on need-to-know basis.AO penalty Rs 5 lakh jointly and severally for failure to close trading window · AO penalty Rs 1 lakh jointly and severally for failure on need-to-know basisAppeal: Appeal Nos. 466 and 467 of 2016 reserved 12.03.2019 decided 15.05.2019; Compliance Officer N. Santhanam separate appeal settled under Settlement Regulations 2014
Source: SecMarx — Dr. (Mrs.) Swati A. Piramal. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.