sebi:PKB/AO-33/2011
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Facts / Headnote
Adjudication proceedings disposed without imposing penalty
Provisions invoked
- s. 11
- s. 12
Parties
- Vinayak Baliram Godambe
Holding
The adjudication proceedings against Vinayak Baliram Godambe for alleged violation of sections 11C(2) and 11C(3) in the matter of Alka Securities Ltd. were disposed of without imposing any penalty.
Full text
Adjudication Order in respect of Vinayak Baliram Godambe In the Matter of Alka Securities Ltd. Page 2 of 4 May 16, 2011 summons issued to him and the undersigned was appointed as the Adjudicating Officer vide Order dated March 31, 2010.
Adjudication Order in respect of Vinayak Baliram Godambe In the Matter of Alka Securities Ltd. Page 3 of 4 May 16, 2011 (2) Without prejudice to the provisions of sections 235 to 241 of the Companies Act, 1956 (1 of 1956), it shall be the duty of every manager, managing director, officer and other employee of the company and every intermediary referred to in section 12 or every person associated with the securities market to preserve and to produce to the Investigating Authority or any person authorised by it in this behalf, all the books, registers, other documents and record of, or relating to, the company or, as the case may be, of or relating to, the intermediary or such person, which are in their custody or power.
Adjudication Order in respect of Vinayak Baliram Godambe In the Matter of Alka Securities Ltd. Page 4 of 4 May 16, 2011 11. The Noticee did not reply to the SCN, however, he attended the hearing scheduled on April 8, 2011, wherein he was asked to submit proof of delivery of the information supposedly submitted by him to SEBI. The Noticee stated that he had no proof of the same.
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Source: SecMarx — sebi:PKB/AO-33/2011. 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.