sebi:IVD-ID6/AIL/AO/DRK/AKS/EAD-3/229-09/132-10
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Facts / Headnote
Penalty of Rs. 2,00,000 imposed on the noticee for violation of Section 11C(6)
Provisions invoked
- s. 11
- s. 24
- s. 15A
- s. 15
- s. 11B
- s. 15J
- s. 11C(6)
Parties
- Shri Hari Ballabh Agarwal
Holding
The noticee violated Section 11C(6) of the SEBI Act by failing to appear and furnish information/documents sought vide letters and summonses, and a penalty of Rs. 2,00,000 under Section 15A(a) was imposed.
Full text
Page 2 of 14 January 2, 2004 and lower circuit filter from January 5, 2004 to January 23, 2004. APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 14 (3) and 11 C (5) of the SEBI Act. The letters / summonses directed the noticee to appear and produce certain documents / information which mainly consisted of the following: • Sources of income / annual income as per the last return filed with the Income Tax Department during the years 2003-04. • Confirm and indicate your relationship with Aditya Infosoft Ltd. and its Promoters & Directors / associate companies and their Directors, if any. • Names and addresses of all the stock brokers / sub-brokers through whom you had traded in the scrip of Aditya Infosoft Ltd. • Number of shares of Aditya Infosoft Ltd. that were purchased / sold. • The mode and source of payment to the stock brokers / sub-brokers for all the purchases / sales made in the secondary market. • Copy of your Bank statement(s) of all the bank(s) through which you made or received the payment in respect of the transactions in the scrip of Aditya Infosoft Ltd. • Details of the off-market transactions done by you in the scrip of Aditya Infosoft Ltd. • Details of introduction i.e. who has introduced you to the stock broker / sub broker. Briefly narrate the kind of your relationship with the introducer.
Page 4 of 14 which may extend to five lakhs rupees for every day after the first during which the failure or refusal continues.
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Source: SecMarx — sebi:IVD-ID6/AIL/AO/DRK/AKS/EAD-3/229-09/132-10. 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.