sebi:ISD/VRL-LA/AO/DRK-DS/EAD3-582/126-2014
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Facts / Headnote
Adjudication proceedings disposed of without penalty; alleged violation not established
Provisions invoked
- s. 15
Regulations
- Reg. 3
- Reg. 4(2)
- Reg. 200
Parties
- Shri Laxmilal Achha
Holding
The alleged violation of Regulation 3 and Regulation 4(2) of the PFUTP Regulations against Shri Laxmilal Achha was held difficult to establish, and the present adjudication proceedings were accordingly disposed of without penalty.
Full text
Page 2 of 4 SHOW CAUSE NOTICE, REPLY AND HEARING 3. A Show Cause Notice no. A&E/EAD-3/DRK/CS/18200/2014 dated June 24, 2014 (hereinafter referred to as 'SCN') was served on the noticee, requiring the noticee to show cause as to why an inquiry should not be held against him and why
Page 3 of 4 CONSIDERATION OF EVIDENCE AND FINDINGS 8. I have taken into consideration the facts and circumstances of the case, and the material made available on record and the reply of the noticee and the instant matter is being proceeded on the basis of the reply submitted by the noticee.
Page 4 of 4 ORDER 13. In view of the foregoing, considering the facts and circumstances of the case and available records, the alleged violation of the provisions of Regulation 3 and Regulation 4(2) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to the Securities Market), Regulations 2003 is difficult to establish against Shri Laxmilal Achha and accordingly the present adjudication proceedings is disposed of.
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Source: SecMarx — sebi:ISD/VRL-LA/AO/DRK-DS/EAD3-582/126-2014. 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.