sebi:PKB/AO-9/2009
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Facts / Headnote
Adjudication proceedings disposed of - violation not established, no penalty imposed
Provisions invoked
- s. 11(3)
- s. 15A
Holding
The violation of sections 11(3) and 11C(6) for non-compliance with SEBI summons was not established, and the adjudication proceedings were disposed of accordingly without liability under section 15A.
Full text
Page 2 of 3 section 15A of the Act, the failure on part of the Noticee to furnish information and to comply with the SEBI summons.
Page 3 of 3 10. The issue for consideration is whether the Noticee has violated sections 11(3) and 11C(6) of the Act, arising out of non-compliance with summons issued by SEBI and failure to furnish information to SEBI and whether it’s liable under section 15A of the Act.
5. Pursuant to the transfer of Shri Amit Pradhan, Shri D. Sura Reddy was appointed as the Adjudicating Officer vide Order dated July 19, 2007. Pursuant to transfer of Shri D. Sura Reddy, the undersigned was appointed as the Adjudicating Officer vide Order dated December 10, 2008.
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Source: SecMarx — sebi:PKB/AO-9/2009. 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.