sebi:PB/AO-133/2010
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Facts / Headnote
Ex-parte finding of violation of Sections 11C(3) and 11C(5) with monetary penalty of Rs. 5,00,000 imposed under Section 15A(a)
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 appear in person and failing to furnish complete information sought by the Investigating Authority, and is consequently liable for monetary penalty under Section 15A(a) of the SEBI Act.
Full text
Page 2 of 16 consequently, liable for monetary penalty under section 15A (a) of the SEBI Act. APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 16 As per the communication received from the broker M/s Man Financial –Sify Securities India Limited, vide letter dated June 14, 2007, the SCN was not accepted by the Noticee. Further, as per the communication received from the broker M/s Man Financial – Sify Securities India Limited vide letter dated June 19, 2007 the SCN was returned back to the broker with the reason “NOT KNOWN” from the alternate correspondence address.
Page 4 of 16 well as in Hindi national daily “Hindustan” on June 11, 2010 about the hearing notice requiring the Noticee to appear on June 22, 2010 at 2:30 P.M. The press notification was issued as a substitute service, for the Noticee. Pursuant to the uploading of hearing notice on SEBI website and advertisement in the newspapers, I note that the Noticee neither appeared on June 22, 2010 nor requested for adjournment of the hearing.
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Source: SecMarx — sebi:PB/AO-133/2010. 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.