sebi:Order/KS/AE/2020-21/10152
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings disposed of without going into the merits of the case, as the Noticee had been dissolved prior to initiation of proceedings.
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 248(5)
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Avlokan Dealcom Pvt Ltd
Holding
The Adjudication Proceedings initiated against Avlokan Dealcom Pvt Ltd vide SCN dated November 02, 2018 were disposed of without going into the merits of the case, because the Noticee had been struck off the register of companies and dissolved on June 09, 2017, prior to the initiation of the present adjudication proceedings.
Full text
Page 2 of 12 February 27, 2012 to March 24, 2014 (hereinafter referred to as ‘Investigation Period’/‘IP’) to ascertain whether there were any violations of the provisions of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”) and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”) by certain entities.
Page 3 of 12 violations of the relevant provisions of SEBI Act read with PFUTP Regulations by the Noticee. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING:
Page 4 of 12 However, no reply to the SCN was received from the Noticee. Subsequently, the Noticee was granted an opportunity of personal hearing on October 05,
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/KS/AE/2020-21/10152. 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.