sebi:Order/BM/GN/2022-23/24813
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Facts / Headnote
Abated
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 3(a)
- Reg. 26
Holding
The adjudication proceedings against the Noticee abate on account of his death and the Show Cause Notice dated August 13, 2021 is disposed of accordingly without going into the merits.
Full text
Page 2 of 4 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 SEBI Settlement Scheme, 2022, Noticee was advised to file a reply to the SCN within 30 days of the receipt of the abovementioned letter.
Page 4 of 4 9. In terms of rule 6 of the Adjudication Rules, 1995, copy of this order is sent to the Noticee’s last known address and also to SEBI. Place: Mumbai BARNALI MUKHERJEE Date: March 23, 2023
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Source: SecMarx — sebi:Order/BM/GN/2022-23/24813. 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.