sebi:SD/AO/93/2010
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Facts / Headnote
Noticee held guilty of violation of Section 11C(2) read with Section 11C(5); penalty of Rs. 5,00,000 imposed under Section 15A(a)
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15J
- s. 11C(2)
- s. 11C(5)
Parties
- Shri Harish Amritlal Mehta
Holding
Shri Harish Amritlal Mehta was held guilty of violating Section 11C(2) read with Section 11C(5) of the SEBI Act for failing to comply with summonses dated March 9, 2006, March 16, 2006 and March 24, 2006, and a penalty of Rupees Five Lakhs (Rs. 5,00,000) was imposed under Section 15A(a) of the SEBI Act, 1992.
Full text
Page 2 of 10 3. It is alleged that the investigating authority of SEBI issued summonses dated March 9, 2006, March 16, 2006 and March 24, 2006 to the Noticee requiring him 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 on another address of the Noticee and was duly acknowledged and the acknowledgment of the same is available on record.
Page 4 of 10 9. It is noted that investigating authority issued summons dated March 9, 2006 to the Noticee seeking certain important information in relation to the investigation. The queries contained in the said summons related to relationship of the Noticee with company SYPCL and his trading in the said scrip along with the details of the off market transfers in the said scrip.
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Source: SecMarx — sebi:SD/AO/93/2010. 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.