Sebi penalty of Rs 2.5 lakh on three officials of Orchid Chem
Agencies: Mumbai, Dec 01 2012, 22:27 IST
senior officials are expected to be aware of major developments in the company they are employed with.
"Thus for orderly conduct of securities market, it is of utmost importance that such persons should not be doing buy and sell transactions in the shares of that company at short intervals but should have a long term view".
In it order issued on Senthil, Sebi noted that directors/ officers/ designated employees are senior functionaries in company who should be aware of the requisite legal provisions and follow the same scrupulously.
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