sebi:SD/AO/30/2009
Facts / Headnote
Penalty imposed on noticee for failure to furnish information to SEBI investigating authority
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15J
- s. 11C(2)
- s. 11C(5)
Parties
- Shri Prasad Tandel
Holding
Shri Prasad Tandel was held liable for failure to provide necessary information to the Investigating Authority of SEBI in response to summonses issued under Section 11C(2) of the SEBI Act, and a penalty of Rs. 5,00,000 was imposed under Section 15A(a) of the SEBI Act.
Full text
Page 2 of 10 24, 2006 to the noticee requiring the noticee to furnish the details regarding his dealings in the shares of SYPCL. It is alleged that the noticee failed to comply with the said summonses and failed to submit the information to the investigating authority.
Page 3 of 10 of personal hearing and accordingly was advised to attend the hearing on October 20, 2008. However, the noticee failed to appear for the personal hearing and even failed to submit any kind of reply.
Page 4 of 10 detrimental to the interests of investors and securities market on account of any delay in the investigation.
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Source: SecMarx — sebi:SD/AO/30/2009. 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.