sebi:SD/AO/67/2009
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Facts / Headnote
Noticee found guilty of failure to furnish information/documents to Investigating Authority; penalty of Rs. 15,00,000 imposed under Section 15A(a) of SEBI Act, 1992
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15J
- s. 11C(2)
Parties
- M/s Vijay Bhagwandas and Co., Proprietor Vishal Shah
Holding
M/s Vijay Bhagwandas and Co., Proprietor Vishal Shah failed to provide necessary information and documents to the Investigating Authority in response to summonses dated March 05, 2007, March 16, 2007, May 24, 2007 and June 19, 2007, violating Section 11C(2) and 11C(3) of the SEBI Act and attracting penalty under Section 15A(a). A monetary penalty of Rs. 15,00,000 was imposed as commensurate with the violation.
Full text
Page 2 of 9 1. Copy of client registration form/KYC form and the Broker- Client Agreement. 2. Client’s Bank Account no. along with the name and address of the bank.
Page 3 of 9 appeared before me. The Noticee has also failed to file any written submissions to that effect. 9. As the Noticee failed to submit proper reply to the show cause notice despite being given sufficient time and failed to appear for personal hearings inspite of giving two opportunities, the inquiry is proceeded with taking into account the facts and material available on record.
Page 4 of 9 information and documents. The queries contained in the said letter are the following: 1. To explain the nature of transactions entered into by Noticee with the connected entities which indicated the Noticee’s involvement in manipulation in the market with regard to the scrip of KCL.
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Source: SecMarx — sebi:SD/AO/67/2009. 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.