sebi:PB/AO-19/2010
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Facts / Headnote
Monetary penalty of Rs.5,00,000 imposed under section 15A(a) of SEBI Act for violation of sections 11C(2) and 11C(3)
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 11C
- s. 12
Holding
The Noticee violated sections 11C(2) and 11C(3) of the SEBI Act by failing to comply with the summons dated November 17, 2008 and reminder dated December 04, 2008, and is liable to a monetary penalty of Rs.5,00,000 under section 15A(a) of the SEBI Act.
Full text
Page 2 of 13 APPOINTMENT OF ADJUDICATING OFFICER 3. The undersigned has been appointed as Adjudicating Officer vide order dated May 19, 2009 under section 15 I of the SEBI Act read with rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalty by Adjudicating Officer) Rules, 1995 (hereinafter referred to as the ‘Rules’) to inquire into and adjudge under section 15A(a) of the SEBI Act.
Page 3 of 13 the Noticee wanted to make written submissions in the matter. The request of the Noticee was acceded to. Pursuant to the aforesaid hearing, the Noticee vide its letter dated March 29, 2010 made written
Page 4 of 13 production of such books, or registers, or other documents, or record is relevant or necessary for the purposes of its investigation.
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Source: SecMarx — sebi:PB/AO-19/2010. 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.