sebi:SD/AO/02/2009
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 5,00,000 imposed on the Noticee under Section 15A(a) of the SEBI Act, 1992
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15J
- s. 11C(2)
Parties
- Shri Dattu Shitole
Holding
Shri Dattu Shitole failed to provide necessary information/documents to the Investigating Authority of SEBI in response to summonses, violating Sections 11C(2) and 11C(3), and is liable to a monetary penalty of Rs. 5,00,000 under Section 15A(a) of the SEBI Act, 1992.
Full text
Page 2 of 9 failed to submit the information/documents to the Investigating Authority. APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 9 8. As the Noticee failed to submit proper reply to the show cause notice despite being given sufficient time and failed to appear for personal hearings inspite of giving two opportunities, the inquiry is proceeded with taking into account the facts and material available on record.
Page 4 of 9 record before him or any person authorized by it in this behalf as it may consider necessary if the furnishing of such information or documents are necessary.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:SD/AO/02/2009. 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.