sebi:VSS/AO-144/2009
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Facts / Headnote
Monetary penalty of Rs.2,00,000 imposed under section 15A(a) of SEBI Act
Provisions invoked
- s. 15A
- s. 15
- s. 12
- s. 15J
- s. 11C
Regulations
- Reg. 11C(2)
Holding
The Noticee violated sections 11C(2) and 11C(3) of the SEBI Act by failing to comply with the Investigating Authority's summonses, attracting penalty under section 15A(a); a monetary penalty of Rs.2,00,000 was imposed ex-parte.
Full text
Page 2 of 12 APPOINTMENT OF ADJUDICATING OFFICER 3. The undersigned was appointed as Adjudicating Officer vide order dated March 27, 2008 under section 15 I of the SEBI Act read with rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalty by Adjudicating Officer) Rules, 1995 (hereinafter referred to as the ‘Rules’) to inquire into and adjudge under section 15A(a) of the SEBI Act.
Page 3 of 12 Ahmedabad through SEBI, WRO. The Notice was received and acknowledged by the Noticee as per the communication of SEBI, WRO dated July 30, 2009. However, neither did the Noticee appear nor seek adjournment.
Page 4 of 12 intermediary referred to in section 12 or every person associated with the securities market to preserve and to produce to the Investigating Authority or any person authorized by it in this behalf, all the books, registers, other documents and record of, or relating to, the company or, as the case may be, of or relating to, the intermediary or such person, which are in their custody or power.
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Source: SecMarx — sebi:VSS/AO-144/2009. 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.