sebi:EAD-8/KS/AA/AO/157/2018-19
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Facts / Headnote
Proceedings abated; SCN dated May 30, 2018 disposed of without going into merits
Provisions invoked
- s. 15A
- s. 15
- s. 11C
- s. 21
- s. 23
Parties
- Shri C S Kameswaran
Holding
The adjudication proceedings against Noticee Shri C S Kameswaran abate upon his death on February 07, 2018, and the SCN dated May 30, 2018 is disposed of accordingly without going into the merits of the case.
Full text
Page 2 of 4 Section 11C (2) and (3) of the SEBI Act, 1992 (hereinafter referred to as ‘SEBI Act’). APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 4 same, it was alleged that the Noticee, who was then on the Board of TAAL, had violated the provisions of Clause 36 of the Listing Agreement and Section 21 of the SCRA.
Page 4 of 4 has also held in Chandravadan J Dalal Vs. SEBI that “The appeal abates since the appellant during the pendency of the appeal died on 29th November, 2004. The appeal accordingly abates. The penalty imposed on the original appellant being personal in nature also abates.”
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/157/2018-19. 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.