sebi:PKB/AO-139/2009
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Facts / Headnote
Penalty of Rs. 5,00,000 imposed under Section 15HA for violation of PFUTP Regulations; charge under Regulation 4(2)(n) not established; decided ex-parte
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
Parties
- M/s Ektaa Vyapaar Pvt. Ltd.
Holding
The Noticee was found guilty of violating Regulations 3, 4(1) and 4(2)(a), (b), (e) and (g) of the PFUTP Regulations, 2003 and a monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act, 1992 was imposed. The violation of Regulation 4(2)(n) was held not established.
Full text
Adjudication Order In Respect of M/s Ektaa Vyapaar Pvt. Ltd. 29/10/2009 In The Matter of Minolta Finance Ltd. Page 2 of 11 for the year 2004-05, the company made an loss of Rs.47,528/- and the company had posted loss of Rs. 1,25,674/- in subsequent year (2005-06) .
Adjudication Order In Respect of M/s Ektaa Vyapaar Pvt. Ltd. 29/10/2009 In The Matter of Minolta Finance Ltd. Page 3 of 11
Adjudication Order In Respect of M/s Ektaa Vyapaar Pvt. Ltd. 29/10/2009 In The Matter of Minolta Finance Ltd. Page 4 of 11
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Source: SecMarx — sebi:PKB/AO-139/2009. 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.