sebi:PKK/AO/42/2011
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Facts / Headnote
Penalty imposed for violation of Section 11C(3)
Provisions invoked
- s. 15A
- s. 15
- s. 11
- s. 15J
- s. 11C
- s. 11C(3)
Holding
The Noticee violated Section 11C(3) of the SEBI Act by failing to provide information/documents sought by the Investigating Authority vide summons dated May 6, 2004, and is liable for monetary penalty under Section 15A(a) of the SEBI Act, with a penalty of Rs. 1,00,000 imposed.
Full text
Page 2 of 7 have been deposited including the account number, name of the bank, branch and address and also copy of bank statement for March-April 2000. It is alleged that the Noticee failed to comply with the said summons/Notice and failed to submit the information/documents to the IA.
Page 3 of 7 to why an inquiry should not be held against him in respect of the alleged violations. The SCN returned undelivered. Later, a reference of the SCN was published in the newspaper ‘Hindustan Times’ on June 10, 2010 and a copy of the SCN was uploaded on the SEBI Website. The Noticee could collect the SCN from the office of the respective AO and it was also stated that the reply of the Noticee should reach the office of the AO within 14 days of the date of publication of the SCN. The Noticee has not filed any reply to the SCN.
Page 4 of 7 summons dated May 6, 2004 has been issued to the Noticee under Section 11C(3) by the IA compelling the production of the documents specified in the said summons and which are stated elsewhere in this
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Source: SecMarx — sebi:PKK/AO/42/2011. 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.