sebi:PB/AO-22/2010
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Facts / Headnote
Violation established; monetary penalty imposed
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 furnish the remaining information sought by summons dated November 17, 2008 and letter dated December 04, 2008. The Noticee was held liable under section 15A(a) and a monetary penalty of Rs. 1,00,000 was imposed.
Full text
Page 2 of 14 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
Page 3 of 14 Noticee vide its letter dated March 25, 2010 made written submissions. CONSIDERATION OF ISSUES AND FINDINGS
Page 4 of 14 9. In order to examine the role of the Noticee in the alleged manipulation and fraudulent trade practice in the trading in the scrip of SAI, summons was issued to the Noticee by the Investigating Authority (hereinafter referred to as “IA”). The details of summons issued vis-à-vis status of its compliance by the Noticee are as under:
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Source: SecMarx — sebi:PB/AO-22/2010. 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.