sebi:TCN/25/MIRSD/06/07
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Censure
Provisions invoked
- s. 19
- s. 12
Regulations
- Reg. 7
- Reg. 13(4)
- Reg. 13(2)
- Reg. 5
- Reg. 17
- Reg. 19
Parties
- M/s. P.C. Kapila & Company, Member of Delhi Stock Exchange, INB No. 050094514
Holding
In exercise of powers under Section 19 of the SEBI Act, 1992 read with Regulation 13(4), SEBI imposed the penalty of 'Censure' on M/s. P.C. Kapila & Company and directed it to be careful in future, rejecting the Enquiry Officer's recommendation of 3 months suspension as excessive.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ Order in the matter of M/s. P.C.Kapila & Company Jun 15, 2007 | Orders : Orders of Chairman/Members TCN/25 /MIRSD/06/07 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA CORAM: Dr. T.C.NAIR, WHOLE TIME MEMBER IN THE MATTER OF M/s. P.C.KAPILA & COMPANY, MEMBER OF DELHI STOCK EXCHNGE, INB NO. 050094514 Date of hearing: July 14, 2006 Appearances: For Noticees: Shri P.C. Kapila, Proprietor 8277 24 9 1. 2. 3. 4. 5. 6. 7. 1
3.3 An opportunity of personal hearing before me was granted to the broker on July 14, 2006 at Regional Office of SEBI at New Delhi. In pur Shri P.C.Kapila, Proprietor and Shri Jay Prakash Shaw, Accountant appeared in person and made oral submission. 4.0 Consideration of Issues 4.1 I have carefully examined the facts and circumstances of the case, the inspection report, enquiry report and the submissions of the broker a
and it is implemented as an investor protection measure. As the broker has admitted the lapse and further rectified it, I am inclined to take a view in this regard.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:TCN/25/MIRSD/06/07. 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.