sebi:SEBI/WTM/MPB/EFD/41/2019
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Revision proceedings under Section 15-I(3) disposed of without invoking Section 15-I(3); no penalty imposed; liberty to initiate fresh adjudication proceedings
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 151(3)
Regulations
- Reg. 13
- Reg. 13(1)
- Reg. 13(5)
- Reg. 29(3)
- Reg. 29(1)
Parties
- Ms. Nirmala
Holding
The invocation of Section 15-I(3) to enhance penalty is not required where the AO order disposed of the show cause notice without deciding on merits, and SEBI is at liberty to initiate fresh adjudication proceedings on the same cause of action.
Full text
____________________________________________________________________________________ Order in the matter of Goenka Diamond and Jewels Limited Page 2 of 15
____________________________________________________________________________________ Order in the matter of Goenka Diamond and Jewels Limited Page 3 of 15
____________________________________________________________________________________ Order in the matter of Goenka Diamond and Jewels Limited Page 4 of 15
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Source: SecMarx — sebi:SEBI/WTM/MPB/EFD/41/2019. 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.