sebi:Order/PM/VC/2020-21/9168
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Facts / Headnote
Adjudication proceedings abated; no penalty imposed
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 3(a)
Parties
- Kumar Raichand Madan
Holding
The adjudication proceedings initiated against the Noticee, Kumar Raichand Madan, are abated without going into the merits of the case, as the Noticee had passed away before the initiation of the proceedings.
Full text
Adjudication Order in respect of Kumar Raichand Madan in the matter of Global securities Ltd. Page 2 of 4 Securities Market) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’) by certain entities.
Adjudication Order in respect of Kumar Raichand Madan in the matter of Global securities Ltd. Page 3 of 4 Act, to show cause as to why an inquiry should not be held and penalty be not imposed on the Noticee under the provisions of Section 15HA of the SEBI Act, for the aforementioned alleged contravention of the provisions of law by the Noticee.
Adjudication Order in respect of Kumar Raichand Madan in the matter of Global securities Ltd. Page 4 of 4 Raichand Madan under section 15HA of the SEBI Act for the alleged violation of Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) & (e) of PFUTP Regulations.
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Source: SecMarx — sebi:Order/PM/VC/2020-21/9168. 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.