sebi:EAD-5/BS/AO/102/2017-18
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Facts / Headnote
Adjudication proceedings disposed of without penalty - violations not established
Provisions invoked
- s. 15
- s. 15H
- s. 15I
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Ours Trading and Holdings Private Ltd.
Holding
The alleged violations of Regulations 3(a) to (d), 4(1), 4(2)(a) and (g) of the PFUTP Regulations against the Noticee do not stand established. The adjudication proceedings initiated vide SCN dated August 30, 2016 stand disposed of without penalty.
Full text
Adjudication Order in the matter of IFL Promoters Ltd. Page 2 of 7 (hereinafter referred to as the Noticee) during the period January 04, 2010 to September 30, 2010 (hereinafter referred to as the Investigation Period).
Adjudication Order in the matter of IFL Promoters Ltd. Page 3 of 7 CONSIDERATION OF ISSUES AND FINDINGS 8. I have carefully examined written submissions of the Noticee and the documents available on record. The issues that arise for consideration in the present case are : a. Whether Noticee has violated Regulations 3(a) to (d), 4(1), 4(2)(a) and (g) of PFUTP Regulations? b. Does the violation, if established, attract monetary penalty under Section 15HA of SEBI Act, 1992?
Adjudication Order in the matter of IFL Promoters Ltd. Page 4 of 7 (d) engage in any act, practice, course of business which operates or would operate as fraud or deceit upon any person in connection with any dealing in or issue of securities which are listed or proposed to be listed on a recognized stock exchange in contravention of the provisions of the Act or the rules and the regulations made thereunder.
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Source: SecMarx — sebi:EAD-5/BS/AO/102/2017-18. 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.