sebi:Order/BM/RK/2024-25/31051

SEBI · SEBI · 2021-07-06 · Barnali Mukherjee, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings abated; SCN dated December 20, 2021 disposed of

Provisions invoked

• s. 15
• s. 19
• s. 15H

Regulations

• Reg. 3(a)
• Reg. 26

Holding

The adjudication proceedings against the Noticee were abated without going into the merits of the case, and the Show Cause Notice dated December 20, 2021 issued against him was disposed of accordingly, on account of his death.

Full text

Page 2 of 4 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 case, Noticee does not wish to avail of the facility under the SEBI Settlement Scheme, 2022, Noticee was advised to file a reply to the SCN within 30 days of the receipt of the SCN. Further a Post SCN intimation dated March 07, 2024 was also issued to the Noticee and was duly delivered through SPAD and digitally signed email dated March 11, 2024 intimating him about the SEBI. The said PSI inter alia intimated the Noticee about the ISO Settlement Scheme, 2024.

Page 4 of 4 8. In view of the foregoing, it is noted that the instant adjudication proceedings against the Noticee are liable to be abated without going into the merits of the case qua him and the SCN dated December 20, 2021 issued against him is disposed of accordingly.

Source: SecMarx — sebi:Order/BM/RK/2024-25/31051. 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.