sebi:SD/AO/43/2008
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15J
- s. 11C(2)
- s. 11C(5)
Parties
- M/s Kajol Impex Limited
Holding
M/s Kajol Impex Limited failed to comply with the summons dated August 4, 2005, October 10, 2005 and November 16, 2005 in violation of Section 11C(2) read with Section 11C(5) and is liable under Section 15A(a). A monetary penalty of Rs.25,00,000 was imposed.
Full text
Page 2 of 11 with the said summons/notices and failed to submit the information to the investigating authority. APPOINTMENT OF ADJUDICATING OFFICER 4. Ms. Babita Rayudu was appointed as the Adjudicating Officer vide
Page 3 of 11 9. As the noticee failed to submit proper reply to the show cause notice despite being given sufficient time and also failed to appear for personal hearing inspite of giving two opportunities, the inquiry is proceeded with taking into account the facts and material available on record.
Page 4 of 11 iv. The detail of its shareholding in the company Shree Yaax Pharma & Cosmetics Limited (SYPCL) as on March 31, 2004, June 30, 2004 and September 30, 2004 shall be furnished alongwith relevant proof wherein you can furnish the demat statement reflecting the holding or distinctive no. of the shares if the same are held in physical form. The detail of acquisition of shares shall be furnished alongwith source of acquisition of shares, details of payments made, name and address of the counter party with the relevant documents such as bank statement indicating the payments made to the seller and copy of demat statement indicating the deliveries received from the party. v. The detail of trades executed by Kajol Impex Limited in the scrip of SYPCL during the period of April 1, 2004 to September 30, 2004 to be furnished in the following format.
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Source: SecMarx — sebi:SD/AO/43/2008. 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.