sebi:Order/AS/RM/2022-23/25197
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Facts / Headnote
Adjudication proceedings abated; Show Cause Notice dated November 18, 2021 disposed of
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 3(a)
Parties
- Ms. Niranjana Vinodchandra Jhaveri
Holding
The adjudication proceedings against the deceased Noticee, Ms. Niranjana Vinodchandra Jhaveri, are abated without going into the merits of the case, and the Show Cause Notice dated November 18, 2021 issued against her is disposed of accordingly.
Full text
Adjudication Order in respect of Ms. Niranjana Vinodchandra Jhaveri in the matter of Illiquid Stock Options at BSE. Page 2 of 3 as “AO”) to inquire into and adjudge under Section 15HA of the SEBI Act, the aforesaid alleged violations against the Noticee.
Adjudication Order in respect of Ms. Niranjana Vinodchandra Jhaveri in the matter of Illiquid Stock Options at BSE. Page 3 of 3 Securities Appellate Tribunal in Chandravadan J. Dalal vs. SEBI (Appeal No. 35/2004 decided on June 15, 2005) wherein it was held that: “The appeal abates since the appellant during the pendency of the appeal died on 29th November
SHOW CAUSE NOTICE, REPLY AND HEARING 3. Show Cause Notice No. SEBI/HO/ISD/ISD_ISD/P/OW/2021/0000024192/1 dated November 18, 2021 (hereinafter be referred to as, the “SCN”) was served upon the Noticee under Rule 4 of the SEBI (Procedure for holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as 'Adjudication Rules') read with section 15I of the SEBI Act, to show cause as to why an inquiry should not be held and penalty be not imposed against her under Section 15HA of the SEBI Act for the alleged violations of Regulations 3(a), (b), (c), (d) and 4(1), (2)(a) of the PFUTP Regulations.
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Source: SecMarx — sebi:Order/AS/RM/2022-23/25197. 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.