sebi:Order/MC/HP/2021-22/15229
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Facts / Headnote
Adjudication proceedings abated; no penalty imposed
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 3(a)
Parties
- Manohar Devi Jain
Holding
The adjudication proceedings initiated against Noticee Manohar Devi Jain are abated without going into the merits of the case, as the Noticee had passed away before initiation of the proceedings.
Full text
Adjudication Order in the matter of Illiquid Stock Options at BSE. Page 2 of 3 to as the 'Adjudication Rules'), vide order dated June 21, 2021 to inquire into and adjudge under Section 15HA of the SEBI Act, the aforesaid alleged violations against the Noticee. The appointment of the AO was communicated vide order dated July 27, 2021.
Adjudication Order in the matter of Illiquid Stock Options at BSE. Page 3 of 3 case. Consequently, no penalty is imposed on the Noticee i.e. Manohar Devi Jain, and the Adjudication Proceedings shall stand abated.
SHOW CAUSE NOTICE, REPLY AND HEARING 3. Show Cause Notice No. EAD5/MC/32988/2021 dated November 16, 2021 (hereinafter be referred to as, the “SCN”) was served upon the Noticee under Rule 4 of the Adjudication Rules read with section 15I of the SEBI Act, to show cause as to why an inquiry should not be held and penalty be not imposed against the Noticee under Section 15HA of the SEBI Act for the alleged violations of Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a) of the PFUTP Regulations.
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Source: SecMarx — sebi:Order/MC/HP/2021-22/15229. 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.