sebi:Order/MC/DS/2020-21/9586
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Facts / Headnote
Adjudication proceedings abated; no penalty imposed
Provisions invoked
- s. 12A
- s. 15H
Regulations
- Reg. 3(a)
Parties
- Chandra Mohan
Holding
The Adjudication Proceedings initiated against Chandra Mohan were abated on account of his death on December 25, 2019, without going into the merits of the case, and no penalty was imposed.
Full text
Adjudication Order in respect of Chandra Mohan in the matter GDR issue of Winsome Yarns Ltd. Page 2 of 3 15HA of the SEBI Act, the aforesaid alleged violations against the Noticee. The appointment of the AO was communicated vide order dated March 28, 2019.
Adjudication Order in respect of Chandra Mohan in the matter GDR issue of Winsome Yarns Ltd. Page 3 of 3 case. Consequently, no penalty is imposed on the Noticee i.e. Chandra Mohan, and the Adjudication Proceedings shall stand abated.
SHOW CAUSE NOTICE, REPLY AND HEARING 3. Show Cause Notice No. EAD5/MC/DPS/23572/2019 dated September 11, 2019 (hereinafter be referred to as, the “SCN”) was served upon the Noticee under Rule 4(1) of the SEBI (Procedure for holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as 'Adjudication Rules') to show cause as to why an inquiry should not be held and penalty be not imposed against him under Section 15HA of the SEBI Act for the alleged violations of Section 12A(a), (b), (c) of SEBI Act read with Regulations 3(a), (b), (c), (d) and 4(1) of PFUTP Regulations.
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Source: SecMarx — sebi:Order/MC/DS/2020-21/9586. 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.