sebi:EAD/KS/MKG/AO/115/2017-18
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Facts / Headnote
Ex parte penalty imposed on Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 11C(3)
- s. 15F
Parties
- Shri Kailash Shriram Agarwal
Holding
The Noticee violated Section 11C(3) of the SEBI Act by failing to comply with summons dated August 07, 2015 and August 25, 2015, and a penalty of Rs. 2,00,000 under Section 15A(a) of the SEBI Act was imposed.
Full text
Page 2 of 10 Act against the Noticee for allegedly violating the provisions of Sections 11C(3) of the SEBI Act. APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 10 Table 1 Shri Kailash S. Agarwal Date of issuance of summons under Section 11C(3) of the SEBI Act (for production of documents) August 07, 2015 August 25, 2015 Date of delivery August 08, 2015 August 27, 2015 In view of the same, it was alleged that the Noticee had violated the provisions of Sections 11C(3) of the SEBI Act.
Page 4 of 10 as per Rule 7(c) of the Adjudication Rules. The Noticee was also advised vide the said reminder cum hearing notice to submit his reply to SCN on or before March 07, 2017. However, the Noticee failed to submit his reply to the SCN and also did not attend the hearing on March 14, 2018.
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Source: SecMarx — sebi:EAD/KS/MKG/AO/115/2017-18. 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.