sebi:SD/AO/22/2010
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Facts / Headnote
Charges not established; matter disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
Holding
The charges against the Noticee for violation of Regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e) and 4(2)(g) of the PFUTP Regulations were held not established and the matter was accordingly disposed of without penalty.
Full text
Page 2 of 6 of allegedly violating the provisions of Regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e) and 4(2)(g) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’).
Page 3 of 6 APPOINTMENT OF ADJUDICATING OFFICER: 4. Ms. Babita Rayudu was appointed as the Adjudicating Officer vide order of SEBI dated August 31, 2007 under section 15-I of the Act r/w rule 3 of SEBI (Procedure for holding Inquiry and Imposing Penalty by Adjudicating Officer) Rules, 1995 (hereinafter referred to as the Adjudicating Rules) to inquire into and adjudge under Section 15HA of the SEBI Act, the alleged violation of the above mentioned provisions.
Page 4 of 6 8. As the Noticee failed to submit any reply to the show cause notice despite being given sufficient time, the inquiry is proceeded with taking into account the facts and material available on record.
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Source: SecMarx — sebi:SD/AO/22/2010. 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.