sebi:EAD/KS/VB/AO/40/2017-18
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Facts / Headnote
Penalty imposed on Noticee
Provisions invoked
- s. 15
- s. 12(1)
- s. 12
- s. 15H
- s. 15J
- s. 58
Regulations
- Reg. 3
- Reg. 2(1)
- Reg. 2
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 1(2)
- Reg. 2(1)(g)
- Reg. 4(a)
- Reg. 4(d)
Parties
- PCI Chemicals & Pharmaceuticals Ltd
Holding
The Noticee PCI Chemicals & Pharmaceuticals Ltd was found to have violated Section 12(1) of the SEBI Act read with Regulation 3 of the IA Regulations, 2013 by providing investment advisory services without registration, and a penalty of Rs. 1,00,000 was imposed under Section 15HB of the SEBI Act.
Full text
Page 1 of 10 BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA [ADJUDICATION ORDER NO. EAD/KS/VB/AO/40/2017-18] __________________________________________________________________ UNDER SECTION 15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES, 1995. In respect of
Page 2 of 10 SCORES authentication would not only be deemed as non-redressal of investor grievances, but also indicate wilful avoidance of the same and that failure to take action under the rescinded circulars before the date of issuance of SEBI Consolidated Circular, shall be deemed to have been done or taken or commenced under the provisions of SEBI Consolidated Circular.
Page 3 of 23 Regulations, 2013. The Noticee was also called upon to show cause as to why an inquiry should not be initiated against him in terms of Rule 4 of the Adjudication Rules and
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Source: SecMarx — sebi:EAD/KS/VB/AO/40/2017-18. 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.