sebi:PG/TT/AO-34/2012
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Facts / Headnote
Violation found; monetary penalty imposed
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15J
- s. 12
- s. 11C(2)
Parties
- Fairwealth Securities Ltd
Holding
The Noticee violated sections 11C(2) and 11C(3) of the SEBI Act by failing to comply with the summons dated December 9, 2009 and is liable to a monetary penalty of Rs.1,00,000 under section 15A(a) of the SEBI Act.
Full text
Adjudication Order in respect of Fairwealth Securities Ltd in the matter of Alka Securities Ltd. Page 2 of 10 May 10, 2012
Adjudication Order in respect of Fairwealth Securities Ltd in the matter of Alka Securities Ltd. Page 3 of 10 May 10, 2012 submitted a letter dated February 28, 2011 and copy of Airway Bill/ consignment note No.580547305 as proof of sending its reply to the summons submitted to the Investigating Authority (IA).
Adjudication Order in respect of Fairwealth Securities Ltd in the matter of Alka Securities Ltd. Page 4 of 10 May 10, 2012 couriers sent on 12/01/2010 and 29/01/2010. We have no further submissions to make.”
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Source: SecMarx — sebi:PG/TT/AO-34/2012. 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.