sebi:PG/AO-40/2010
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Facts / Headnote
Violation established; monetary penalty of Rs.1,00,000 imposed on the Noticee under section 15A(a) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 11C
- s. 12
Parties
- Top Telemedia Limited
Holding
The Noticee (Top Telemedia Limited) violated sections 11C(2), 11C(3) and 11C(5) of the SEBI Act by failing to comply with summonses issued by the Investigating Authority, and is liable for a monetary penalty of Rs.1,00,000 under section 15A(a) of the SEBI Act.
Full text
Adjudication Order in the matter of Top Telemedia Ltd Page 2 of 12 was consolidated to face value of Rs.10/- and the share price varied from Rs.6.70 to Rs.18/- from January end to March end 2002 before it fell gradually to levels of Rs.13 by the end of April
Adjudication Order in the matter of Top Telemedia Ltd Page 3 of 12 the undersigned was appointed as the Adjudicating Officer vide
Adjudication Order in the matter of Top Telemedia Ltd Page 4 of 12 Mumbai to collect the aforesaid Notice and sought postponement of the aforesaid hearing for 21 days. Accordingly, copy of the aforesaid SCN along with hearing notice dated May 07, 2010 was given to Juris Matrix by hand on June 16, 2010, as requested by the Noticee in the aforesaid letter.
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Source: SecMarx — sebi:PG/AO-40/2010. 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.