Dear all
Greetings of the day.
My question is :
SEBI imposed a fine of Rs. 25000 in the year 2010 on our Company and our Managing Director for non-compliance of Insider Trading Disclosures.
Can we re-appoint our Managing Director this year if he was imposed a fine in the year 2010 by SEBI. Kindly guide on how to comply with Part I of Schedule V in this case
MD is disqualified if he is convicted of an offence under specified Acts including SEBI Act. Conviction refers to judgement of a judge. Hence you have to check the order to see whether he was convicted or not.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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