Bangalore: Infosys fines CEO for violating company rules - TOI
Posted On: 23/01/2008 10:27 GMT
Print this page Feel free to ask your question Tell a friend Browse archive

Bangalore: Infosys Technologies has fined its CEO and MD S Gopalakrishnan for not reporting a change in his shareholding within the stipulated time.

The company said in a filing with the US Securities and Exchange Commission (SEC) on Tuesday that Gopalakrishnan inherited 12,800 equity shares from his mother on December 24 last year.

“Gopalakrishnan inadvertently failed to notify the company within one business day following the change in his shareholding, which failure was also a violation of the company's insider trading rules,” the filing said.

On January 10, the audit committee of the company's board of directors had determined that Gopalakrishnan's failure to provide notification was a technical violation of the insider trading rules, although it noted that

Edited & Published By Raj Francis Pereira

Other Last 10 Contributions of edf to KonkaniFriends.com
  Mangalore:Mangalore University Level Science Fest
 More contributions from edf
Post Your Comments
Your Rating For "Bangalore: Infosys fines CEO for violating company rules - TOI":
Average Fair Good Very Good Excellent
For our security purposes your IP address is recorded.
Your IP address is
Please help us to fight spam by entering the security code as shown in the image:
security code