sebi:PB/AO-13/2011
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 11C
Holding
The Noticee violated sections 11C(3) and 11C(5) of the SEBI Act by failing to furnish information and to appear before the Investigating Authority, attracting penalty under section 15A(a). A monetary penalty of Rs. 1,00,000 was imposed on the Noticee.
Full text
Page 2 of 16 APPOINTMENT OF ADJUDICATING OFFICER 3. Mr. Piyoosh Gupta was appointed as Adjudicating Officer vide order dated June 02, 2006 under section 15 I of SEBI Act read with rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as ‘Rules’) to inquire into and adjudge under section 15A(a) of the SEBI Act. Consequent upon the transfer of Mr. Piyoosh Gupta, Mr. V.S Sundaresan had been appointed as the Adjudicating Officer vide
Page 3 of 16 notice was returned undelivered. Further, the same notice was sent to the Noticee on a different address as confirmed by NSDL, vide notice dated August 10, 2009 to personally appear on August 17,
Page 4 of 16 am, therefore, compelled to proceed with the matter ex-parte based on the material available on record. CONSIDERATION OF ISSUES AND FINDINGS
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Source: SecMarx — sebi:PB/AO-13/2011. 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.