sebi:BM/AO-2/2009
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Facts / Headnote
Penalty of Rs. 4,00,000 imposed on the Noticee for violation of Sections 11C(3) and 11C(5) of SEBI Act
Provisions invoked
- s. 24
- s. 15A
- s. 15
- s. 15J
- s. 11C
Parties
- Shri Vijay Singh Bhandari
Holding
The Noticee violated Sections 11C(3) and 11C(5) of the SEBI Act by failing to comply with the summons dated January 12, 2005 and is liable for monetary penalty under Section 15A(a). A penalty of Rs. 4,00,000 was imposed on Shri Vijay Singh Bhandari.
Full text
Page 2 of 11 investigation. The net sale of the Noticee was 57200 shares constituting 30% of the net sale during the period. It was also observed that the Noticee was involved in trade reversal in respect of 34,800 shares of the company.
Page 3 of 11 6. Subsequent to the transfer of Mr. V. S. Sundaresan, I was appointed as the Adjudicating Officer vide order dated November 18, 2009.
Page 4 of 11 11. After transfer of the case to me, in adherence to the principles of Natural Justice a hearing notice dated December 1, 2009 was issued to the Noticee under Rule 4 of the Rules fixing December 11, 2009 as the date of appearance at SEBI, Northern Regional Office, Delhi.
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Source: SecMarx — sebi:BM/AO-2/2009. 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.