sebi:SD/AO/73/2009
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Facts / Headnote
Violation established; penalty of Rs.1,00,000 imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
Parties
- Mr. Murlidhar Raimalani
Holding
The Noticee violated Regulations 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations, 2003 and is liable to a monetary penalty of Rs.1,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Page 2 of 11 allegedly violating the provisions of Regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e) & 4(2)(g) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’).
Page 3 of 11 inquire into and adjudge under Section 15HA of the SEBI Act, the alleged violation of the provisions of Regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e) & 4(2)(g) of PFUTP Regulations.
Page 4 of 11 and accordingly was advised to attend the hearing on June 16, 2009 but Noticee failed to appear on the said date. In this regard, I have observed that SCN and the notice of Personal Hearing have been duly received by the Noticee. However, neither the Noticee nor his authorised representative appeared before me.
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Source: SecMarx — sebi:SD/AO/73/2009. 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.