sebi:PKB/AO-88/2010
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Facts / Headnote
Penalty of Rs. 3,00,000 imposed on Shri Santosh Pawar
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 178
- s. 183
Regulations
- Reg. 4
- Reg. 3
- Reg. 15
- Reg. 200
Parties
- Shri Santosh Pawar
Holding
Shri Santosh Pawar violated Regulations 4(1) and 4(2)(a) of the FUTP Regulations by synchronized/circular trading in Today's Writing Products Ltd. and is liable to a monetary penalty of Rs. 3,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order With Respect to Shri Santosh Pawar July 2, 2010 In The Matter of Today’s Writing Products Ltd. Page 2 of 14
Adjudication Order With Respect to Shri Santosh Pawar July 2, 2010 In The Matter of Today’s Writing Products Ltd. Page 3 of 14 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order With Respect to Shri Santosh Pawar July 2, 2010 In The Matter of Today’s Writing Products Ltd. Page 4 of 14 uploaded on SEBI website under the heading “Unserved Summons/Notices”. However, despite the publication so made, the Noticee did not attend the hearing. I note that the Noticee failed to submit the reply to the SCN and also failed to appear for hearing. For the reasons mentioned above, I observe that the Noticee was provided with enough opportunity to submit reply / be heard and hence, I am constrained to proceed with the matter on the basis of the material available on record.
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Source: SecMarx — sebi:PKB/AO-88/2010. 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.