sebi:SD/AO/104/2010
Facts / Headnote
Penalty imposed on the Noticee for failure to comply with summons of the Investigating Authority
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 11C
Parties
- Mr. Prakash Hanumant Yadav
Holding
The Noticee, Mr. Prakash Hanumant Yadav, was found guilty of failing to furnish information to the Investigating Authority of SEBI in response to summons dated February 13, 2007, and a penalty of Rs. 1,00,000 was imposed under Section 15A(a) of the SEBI Act, 1992.
Full text
Page 2 of 8 failure to furnish to the IA appointed by SEBI, information/documents regarding his dealings in the scrip of MCL by failing to comply with the summons and cooperate with the Investigating Authority.
Page 3 of 8 7. On considering the facts of the case, it was decided to conduct an inquiry in the matter and the Noticee was granted an opportunity of personal hearing. The Hearing Notice was attempted to be served on the Noticee by affixture at its last known address. Accordingly, the said hearing notice was affixed at the said address as indicated by the affixture report available on record.
Page 4 of 8 i. Relationship with the company MCL, its promoters, directors & associate companies & all individuals/entities mentioned in Annexure A annexed to the SEBI letter dated February 13, 2007 available on the record. ii. Details of purchase, sale & off market transactions done in the scrip of MCL for the period from January 01, 2005 to December 31, 2005 including date, name of broker, name of counter party, quantity & price and also copies of demat accounts for the said period. iii. All bank account statements for the period January 01, 2005 to December 31, 2005 showing details of payments made/received for the purchase/sale of shares of MCL & financing received, if any, for the purchase of shares.
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/104/2010. 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.