sebi:SD/AO/105/2009
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Facts / Headnote
Matter disposed off with no further inquiry as per Rule 4(3)
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 12(1)
Holding
The instant adjudication proceedings for the alleged violation of Regulation 12(1) and (3) read with Model Code of Conduct under Schedule I of the PIT Regulations were disposed off with no further inquiry as per Rule 4(3) in view of the Board's consent order dated November 14, 2008.
Full text
Page 2 of 3 Act’), the alleged violation of the provisions of Regulation 12(1) and (3) read with Model Code of Conduct for Listed Companies under Schedule I of PIT Regulations.
Page 3 of 3 7. In view of the said consent order of the Board, I am of the opinion that no further inquiry as per Rule 4(3) of the Adjudicating Rules is necessary in the instant matter and the matter is accordingly disposed off.
SHOW CAUSE NOTICE/REPLY: 3. Accordingly, a notice to show cause dated August 31, 2007 under Rule 4 (1) of the Adjudication Rules was issued to the Noticee asking it to show cause as to why an enquiry should not be held against it in terms of Section 15I of the SEBI Act and penalty be not imposed under Section 15HB of the SEBI Act for the alleged violation by it of the abovementioned provisions of the PIT Regulations.
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Source: SecMarx — sebi:SD/AO/105/2009. 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.