sebi:Order/BM/DS/2023-24/25933
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Facts / Headnote
Adjudication proceedings abated; SCN dated December 31, 2021 disposed of
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 3(a)
- Reg. 26
Holding
The adjudication proceedings against the Noticee are abated due to her death, and the Show Cause Notice dated December 31, 2021 issued against her is disposed of accordingly, without going into the merits of the case.
Full text
Page 2 of 4 options and therefore were alleged to be manipulative, deceptive in nature. In view of the same, SEBI initiated adjudication proceedings against the Noticee for violation of the provisions of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations, 2003”). APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 4 and affixture was made at the Noticee’s communication address. The proof of affixture is on record. However, no reply was received from the Noticee. Vide letter dated August 08, 2022, post show-cause intimation (PSI) was issued to the Noticee.
Page 4 of 4 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:Order/BM/DS/2023-24/25933. 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.