sebi:SD/AO/109/2010
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Facts / Headnote
Charges not established
Provisions invoked
- s. 15H
- s. 15J
- s. 15
Regulations
- Reg. 3
- Reg. 4(1)
Parties
- Mr. Ravindra S Peety
Holding
The charges against Mr. Ravindra S Peety for violation of Regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e) and 4(2)(g) of the PFUTP Regulations do not stand established. No monetary penalty under Section 15HA of the SEBI Act was imposed.
Full text
Page 2 of 8 2. SEBI has initiated adjudication proceedings under the SEBI Act against Mr. Ravindra S Peety (hereinafter referred to as the ‘Noticee’) on account of allegedly violating the provisions of Regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e) & 4(2)(g) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’).
Page 3 of 8 inquire into and adjudge under Section 15HA of the SEBI Act, the alleged violation of the provisions of Regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e) & 4(2)(g) of PFUTP Regulations.
Page 4 of 8 e. Noticee submitted that Shantilal Peety another connected entity is his Father and therefore shares common address. f. Noticee further submitted that he had no knowledge about introduction done by Prasad Tandel and he had no connection with Prasad tandel.
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Source: SecMarx — sebi:SD/AO/109/2010. 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.