sebi:WTM/PS/19/IVD/ID-1/AUG/2011
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Facts / Headnote
Ad interim directions against Mr. Jaydeep Mane revoked with immediate effect
Provisions invoked
- s. 19
Parties
- Jaydeep Mane
Holding
SEBI revoked the ad interim ex-parte directions issued against Mr. Jaydeep Mane vide orders dated October 24, 2005 and July 24, 2006, with immediate effect.
Full text
Page 2 of 2 avail themselves of an opportunity of personal hearing. Subsequent to their filing of the replies and availing opportunities of hearing afforded to them, SEBI confirmed the ad interim ex-parte directions vide an order dated July 24, 2006, against all the persons/ entities named in the Order dated October 24, 2005.
4. Upon completion of the investigation, suitable actions were initiated against the persons/ entities covered in the interim order as well as certain others. In respect of Mr. Jaydeep Mane, one of the trading clients named in the ad
interim ex-parte order, adjudication proceedings were initiated under Chapter VI A of the SEBI Act. However, I note that no penalty was imposed on Jaydeep Mane. Therefore, taking into consideration of the facts and circumstances of the case, I am of the view that the ad interim directions , in respect of Mr. Jaydeep Mane need not be continued and that it can be revoked
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Source: SecMarx — sebi:WTM/PS/19/IVD/ID-1/AUG/2011. 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.