2014 (3) TMI 1153

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..... to the Compliance Officer of appellant, however, in that show cause notice issue relating to failure on part of Compliance Officer in not closing the trading window has not been raised. However, in the impugned order it is held that alleged violation recorded in the show cause notice against Compliance Officer does not stand established. While holding that in the facts of present case, Complian .....

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..... ly 26, 2013 whereby penalty of ₹ 2 lac has been imposed upon the appellant under Section 15HB of the SEBI Act, 1992 for not closing the trading window prior to the meeting of the Board of Directors of the appellant company held on April 30, 2009 and November 27, 2009. 2. In para 24 of the impugned order dated July 26, 2013, the adjudicating officer has held that for not closing the .....

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..... d that alleged violation recorded in the show cause notice against Compliance Officer does not stand established. 4. Thus, while holding that in the facts of present case, Compliance Officer is liable for not closing the trading window, in fact it is held that Compliance Officer has not violated any of the regulations. In these circumstances, making the appellant company liable for not cl .....

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