sebi:SD/AO/71/2010
Facts / Headnote
Allegations not established; matter disposed without penalty
Provisions invoked
- s. 11
- s. 15
- s. 11C(2)
Parties
- K C Bokadia
Holding
The allegations in the show cause notice against Noticee K C Bokadia for failure to comply with summons dated October 18, 2005 do not stand established, and the matter is disposed accordingly without penalty.
Full text
Page 2 of 7 3. It is alleged that the Investigating Authority of SEBI issued summons/notices dated October 18, 2005 to the Noticee requiring the Noticee to provide the details of trades executed by Noticee in the scrip of KCBFL during the period of January 2004 to December 31, 2004 specifying the name of the broker, date of transaction etc. It is alleged that the Noticee failed to comply with the said summons/Notice and failed to submit the information/documents to the Investigating Authority.
Page 3 of 7 2010 vide Notice of Hearing dated February 10, 2010 at SEBI Ahmedabad Regional Office, Unit No.002, Ground Floor, Sakar-I, near Gandhigram Railway Station., opp. Nehru Bridge, Ashram Road, Ahmedabad-380009. However, the Noticee had sought extension of time. Therefore another opportunity of personal hearing was granted by the undersigned to the Noticee on March 25, 2010 vide Notice of Hearing dated March 8, 2010 at SEBI Head Office, Mumbai. On the scheduled date, the authorised representative of the Noticee Dr. S K Jain (Company Secretary) had appeared and made detailed oral
Page 4 of 7 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/71/2010. 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.