sebi:PG/AO-10/2012
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Facts / Headnote
Noticee held liable for violation of Sections 13 and 18 read with Section 2(i) of SCR Act and Section 11C of SEBI Act; penalty imposed (amount not specified in excerpt)
Provisions invoked
- s. 11B
- s. 24
- s. 15A
- s. 15
- s. 12
- s. 13
- s. 15I
- s. 15J
- s. 15H
- s. 23H
- s. 11C(6)
- s. 11C
- s. 11C(2)
- s. 23J
- s. 23
- s. 17
- s. 23I
- s. 18(1)
Regulations
- Reg. 13
- Reg. 199
- Reg. 6
Parties
- Hemant Madhusudan Sheth
Holding
The Noticee was found to have violated Sections 13 and 18 read with Section 2(i) of the SCR Act by entering into off-market transactions that did not qualify as spot delivery contracts, and was also found to have failed to comply with summons issued under Section 11C of the SEBI Act.
Full text
Adjudication Order in respect of Hemant Madhusudan Sheth in the matter of Indo-Pacific and Entertainment Ltd Page 2 of 32
Adjudication Order in respect of Hemant Madhusudan Sheth in the matter of Indo-Pacific and Entertainment Ltd Page 3 of 32
Adjudication Order in respect of Hemant Madhusudan Sheth in the matter of Indo-Pacific and Entertainment Ltd Page 4 of 32
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Source: SecMarx — sebi:PG/AO-10/2012. 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.