sebi:SD/AO/26/2009
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Facts / Headnote
Penalty of Rs. 10,00,000 imposed under Section 15A(a) of the SEBI Act, 1992
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15J
- s. 11C(2)
Parties
- Prajapati G. Punamchand
Holding
Shri Prajapati G. Punamchand failed to provide necessary information/documents to the Investigating Authority in response to summonses dated March 07, 2007 and March 20, 2007, violating Section 11C(2) and 11C(3) of the SEBI Act. A monetary penalty of Rupees Ten Lakhs (Rs. 10,00,000/-) under Section 15A(a) was imposed.
Full text
Page 2 of 10 failed to comply with the said summonses/notices and failed to submit the information/documents to the Investigating Authority.
Page 3 of 10 Notices. However, neither the Noticee nor his authorised representative appeared before me. The Noticee has also failed to file any written submissions to that effect.
Page 4 of 10 furnish such information or to preserve and produce all the books, registers, other documents and record of the company or the intermediary, as may be required by the Investigating Authority. Further, Section 11 C (3) empowers the Investigating Authority of SEBI to require any intermediary or any person associated with securities market in any manner to furnish such information to, or produce such books, or registers, or other documents, or 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.
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Source: SecMarx — sebi:SD/AO/26/2009. 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.