sebi:EAD-6/PM-AB/58/2018-19
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Facts / Headnote
Monetary penalty of Rs. 1,00,00,000 imposed on the Noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Parties
- Dinesh Dalmia
Holding
The Adjudicating Officer imposed a monetary penalty of Rs. 1,00,00,000 on the Noticee Dinesh Dalmia under Section 15HB of the SEBI Act for failure to comply with SEBI's direction dated September 9, 2004 to buy 1.30 crore shares of DSQ.
Full text
Page 2 of 6 its order dated December 08, 2005 modified SEBI’s order dated September 09, 2004. 4. An appeal was preferred against the order of Hon’ble SAT before the Hon’ble Supreme Court of India. The Hon’ble Supreme Court while deciding the said
Page 3 of 6 APPOINTMENT OF ADJUDICATING OFFICER 7. SEBI vide order dated October 13, 2017 appointed the undersigned as the Adjudicating Officer under section 15 I of SEBI Act, 1992 read with Rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (“AO Rules”) to inquire into and adjudge the aforesaid
Page 4 of 6 Thus, in the instant matter it is presumed that the Noticee has admitted the charges alleged in the said SCN. 12. In view of the above, the next issue for consideration is as to what would be the monetary penalty that can be imposed on the Noticee for the violation of Sec. 15HB of the SEBI Act which reads as under:
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Source: SecMarx — sebi:EAD-6/PM-AB/58/2018-19. 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.