sebi:EAD/BJD/VS/24-33/2017-18
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Facts / Headnote
Noticee(s) held liable for monetary penalty under section 15A(a) of the SEBI Act, 1992 for violation of section 11C(2) read with 11C(3) of the SEBI Act, 1992
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 15H
- s. 11C
- s. 12
Regulations
- Reg. 11C
Parties
- Exelon Infrastructure Limited (Noticee 1)
- Noticee 2
- Noticee 3
- Shaik Ameer Basha (Noticee 4)
- Noticee 5
- Noticee 6
- Noticee 7
- Shri Ravinder Deshpande (Noticee 8)
- Shri Srinivas Rao Marupadi (Noticee 9)
- Shri Rama K Makkena (Noticee 10)
Holding
The Noticee(s) were held guilty of violating section 11C(2) read with section 11C(3) of the SEBI Act, 1992 by failing to furnish information sought by the Investigating Authority despite receipt of summons, and are liable for monetary penalty under section 15A(a) of the SEBI Act, 1992.
Full text
______________________________________________________________________________________ Adjudication Order in matter of Exelon Infrastructure Limited Page 2 of 25
______________________________________________________________________________________ Adjudication Order in matter of Exelon Infrastructure Limited Page 3 of 25
______________________________________________________________________________________ Adjudication Order in matter of Exelon Infrastructure Limited Page 4 of 25
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Source: SecMarx — sebi:EAD/BJD/VS/24-33/2017-18. 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.