sebi:Order/KS/AA/2020-21/8301
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Facts / Headnote
Violation established; penalty of Rs. 2,50,000 imposed on Divya Fashion
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 29(2)
- Reg. 29(3)
Parties
- Divya Fashion
Holding
The Noticee Divya Fashion violated Regulation 29(2) read with Regulation 29(3) of the SAST Regulations, 2011 on three occasions in October-November 2016, and a monetary penalty of Rs. 2,50,000 under Section 15A(b) of the SEBI Act was imposed.
Full text
Page 2 of 12 2011 (hereinafter referred to as the 'SAST Regulations, 2011'). In view of the same, SEBI initiated adjudication proceedings against the Noticee under the provisions of Section 15A(b) of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’) APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 12 October 22, 2019. At the same time, in terms of Rule 7(b) of Adjudication Rules, a copy of the SCN was also delivered to the Email ID of the Noticee by the erstwhile AO by way of a digitally signed Email dated October 23,
Page 4 of 12 Email ID of the undersigned was made available to the Noticee so that he may contact the undersigned. However, the Noticee not only failed to appear for personal hearing but also failed to contact the undersigned in any possible way.
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Source: SecMarx — sebi:Order/KS/AA/2020-21/8301. 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.