sebi:BM/AO-120/2010
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Facts / Headnote
Proceedings disposed of without imposition of penalty; allegations of violation of regulation 8(1) of PFUTP read with sections 11C(2), (3) and (5) of SEBI Act not established.
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 12
Regulations
- Reg. 7
- Reg. 6
- Reg. 8(1)
Parties
- Macy's Advisory Pvt. Ltd.
Holding
The Noticee was not held liable for violating regulation 8(1) of PFUTP read with sections 11C(2), (3) and (5) of the SEBI Act, and no penalty was imposed under section 15A(a) of the SEBI Act.
Full text
Page 2 of 8 Sl. No. Member Name Buy volume Sale volume Total Vol (Buy/Sell) % to market volume Traded from Price Traded to Price 1. S. K. Khemka 8,62,661 12,78,752 21,41,413 30.86 1.65 12.35
Page 3 of 8 adjudge the alleged violations of provisions of SEBI Act and PFUTP committed by the Noticee. 6. Subsequent to the transfer of Shri. V. S. Sundaresan, I was appointed as the Adjudicating Officer vide order dated November 18, 2009. SHOW CAUSE NOTICE, HEARING AND REPLY
Page 4 of 8 2009. Once again, the notice was affixed at the said premises. After the undersigned assumed office, a final opportunity of hearing was given to the Noticee to appear on October 4, 2010 vide notice dated September 9, 2010. The said notice was also affixed at the last known address of the Noticee. However, neither did the Noticee appear nor extension was sought by the Noticee.
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Source: SecMarx — sebi:BM/AO-120/2010. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.