sebi:PKB/AO-141/2010
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Facts / Headnote
Adjudication proceedings disposed; allegation not established, no violation and no penalty
Provisions invoked
- s. 12
- s. 11
Parties
- Ketan Hasmukhlal Doshi
Holding
The Adjudicating Officer held that the charge of non-compliance with summons dated December 9, 2009 was not established and that Ketan Hasmukhlal Doshi had not violated sections 11C(2) and 11C(3) of the SEBI Act, 1992, and disposed of the proceedings accordingly.
Full text
Adjudication Order in respect of Ketan Hasmukhlal Doshi in the matter of Alka Securities Ltd. Page 2 of 6 October 29, 2010
Adjudication Order in respect of Ketan Hasmukhlal Doshi in the matter of Alka Securities Ltd. Page 3 of 6 October 29, 2010 September 1, 2010. Mr. Ketan Hasmukhlal Doshi alongwith Mr. Jayant Thakur, CA attended the hearing and the minutes of the hearing are extracted below: “ 1. The SCN alleged that summons dated December 9, 2009 was issued to you and you did not reply to the summons. You have claimed in your reply dated June 21, 2010 that you had vide letter dated December 16, 2009 requested for extension to supply information and thereafter submitted the details on December 31, 2009. However, it has been alleged that the same was not received by SEBI. Therefore, Notice was published in the Hindustan Times and Hindustan (Hindi) on March 20, 2010 mentioning that summons were issued in relation to the investigation into the dealings in the scrip of the Company and that SEBI had either not received the responses or received incomplete replies from the entities, whose names were mentioned in the Notice wherein your name appeared at S.No. 225 and you did not reply to the Notice. Please offer your comments on the same?
Adjudication Order in respect of Ketan Hasmukhlal Doshi in the matter of Alka Securities Ltd. Page 4 of 6 October 29, 2010 (3) The Investigating Authority may require any intermediary or any person associated with securities market in any manner to furnish such information to, or produce such books, or registers, or other documents, or record before him or any person authorised by it in this behalf as it may consider necessary if the furnishing of such information or the production of such books, or registers, or other documents, or record is relevant or necessary for the purposes of its investigation.”
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Source: SecMarx — sebi:PKB/AO-141/2010. 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.