sebi:VSS/AO-198/2009
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Facts / Headnote
Monetary penalty of Rs.5,00,000 imposed under section 15A(a)
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 11C(3)
Parties
- Gautam Jhaveri
Holding
The Noticee violated sections 11C(3) and 11C(5) by failing to comply with the summonses issued by the Investigating Authority and is liable for penalty under section 15A(a). A monetary penalty of Rs.5,00,000 was imposed on the Noticee.
Full text
Page 2 of 15 APPOINTMENT OF ADJUDICATING OFFICER 3. The undersigned was appointed as Adjudicating Officer vide order dated April 07, 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 15 already applied for the consent and keep the proceedings in abeyance till the outcome of the consent proceedings. SEBI vide its communication dated May 13, 2009 informed me that the consent application of the Noticee has been rejected and requested to restart the proceedings.
Page 4 of 15 11C. Investigation 11C (3) The Investigating Authority may require any intermediary or any person associated with securities market in any manner to furnish such information to, or produce such books, or registers, or other documents, or record before him or any person authorised by it in this behalf as it may consider necessary if the furnishing of such information or the production of such books, or registers, or other documents, or record is relevant or necessary for the purposes of its investigation.
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Source: SecMarx — sebi:VSS/AO-198/2009. 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.