sebi:VSS/AO-72/2009
Facts / Headnote
Penalty imposed - violation established
Provisions invoked
- s. 15A
- s. 15
- s. 12
- s. 15J
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 8(1)
Holding
The Noticee violated sections 11C(2), 11C(3) and 11C(5) of SEBI Act and regulation 8(1) of PFUTP by failing to comply with two summonses dated June 14, 2007 and July 17, 2007, and is liable for monetary penalty under section 15A(a) of SEBI Act. A monetary penalty of Rs.10,00,000 was imposed.
Full text
Page 2 of 12 Practices Relating to Securities Markets) Regulations, 2003 (hereinafter referred to as “PFUTP”) and consequently, liable for monetary penalty under section 15A(a) of the SEBI Act.
Page 3 of 12 6. The Noticee also enclosed the relevant documents as required by the Investigating Authority (hereinafter referred to as “IA”) through summons dated June 14, 2007. In the interest of natural justice and in
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-72/2009. 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.