sebi:Order/RD/AP/2021-22/14751
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Facts / Headnote
Abated - proceedings disposed of with no penalty
Provisions invoked
- s. 15H
- s. 15
Parties
- Late Mr. Mahesh Kumar Agarwala
Holding
The adjudication proceedings initiated against Late Mr. Mahesh Kumar Agarwala vide SCN dated December 30, 2021 were held to have abated and were disposed of with no penalty imposed.
Full text
of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations, 2003”).
“For the purpose of adjudging under sections 15A, 15B, 15C, 15D, 15E, 15EA, 15EB, 15F, 15G, 15H, 15HA and 15HB, the Board may appoint any officer not below the rank of a Division Chief to be an adjudicating officer for holding an inquiry in the prescribed manner after giving any person concerned a reasonable opportunity of being heard for the purpose of imposing any penalty”
APPOINTMENT OF ADJUDICATING OFFICER 3. SEBI initiated Adjudication Proceedings and appointed the undersigned as Adjudicating Officer under section 15-I of the Securities and Exchange Board of
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Source: SecMarx — sebi:Order/RD/AP/2021-22/14751. 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.