sebi:IVD-ID1/CSESL-AIFPL/AO/DRK/SS/EAD-3/187-09/90-10
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Facts / Headnote
Penalty imposed on the noticee for failure to comply with summonses issued by the Investigating Authority
Provisions invoked
- s. 24
- s. 15A
- s. 15
- s. 11(3)
- s. 15J
- s. 11C(6)
- s. 12
Parties
- Elite Investments & Holdings Private Limited
Holding
The noticee, Elite Investments & Holdings Private Limited, violated Sections 11C(2), 11C(3) and 11C(5) of the SEBI Act by failing to comply with six summonses issued by the Investigating Authority, and a penalty of Rs.15,00,000/- was imposed under Section 15A(a) of the SEBI Act.
Full text
Page 2 of 12 2. CSESL was promoted by the Lan Eseda Industries Ltd. and was listed on NSE, BSE, Delhi Stock Exchange Limited (hereinafter referred to as ‘DSE’) and Bangalore Stock Exchange Limited (hereinafter referred to as ‘BgSE’).
Page 3 of 12 shares and sold 1,85,500 shares of CSESL through the stock-broker VG, constituting about 72% of the gross trades of VG during the investigation period.
Page 4 of 12 the SEBI Act, the violations committed by the noticee for its failure to respond to the summonses issued. SHOW CAUSE NOTICE, REPLY AND HEARING
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Source: SecMarx — sebi:IVD-ID1/CSESL-AIFPL/AO/DRK/SS/EAD-3/187-09/90-10. 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.