sebi:PKB/AO-53/2010
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Facts / Headnote
Penalty imposed on Noticee for non-compliance with summons issued by Investigating Authority
Provisions invoked
- s. 11
- s. 12
- s. 15
- s. 15J
- s. 15A
Parties
- Kaushtubh Credit & Holdings Pvt. Ltd.
Holding
The Noticee violated sections 11(3), 11C(2) and 11C(3) of the SEBI Act by failing to comply with the summons dated July 20, 2004 and letter dated December 24, 2004, and is liable for a penalty of Rs. 10,00,000 under section 15A(a) of the Act.
Full text
Adjudication Order in respect of Kaushtubh Credit & Holdings Pvt. Ltd. in the matter of M/s. Alka India Ltd. Page 2 of 11 April 28, 2010 vide Order dated July 19, 2007 and pursuant to the transfer of Shri D. Sura Reddy, the undersigned has been appointed as the Adjudicating Officer vide order dated December 10, 2008.
Adjudication Order in respect of Kaushtubh Credit & Holdings Pvt. Ltd. in the matter of M/s. Alka India Ltd. Page 3 of 11 April 28, 2010
Adjudication Order in respect of Kaushtubh Credit & Holdings Pvt. Ltd. in the matter of M/s. Alka India Ltd. Page 4 of 11 April 28, 2010 Galaxy Broking Ltd. informed us vide letter dated June 15, 2009 that they had sent the letter to the Noticee vide RPAD which was returned to them with the reason “left”.
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Source: SecMarx — sebi:PKB/AO-53/2010. 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.