sebi:WTM/PS/44/ID1/MAR/10
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Facts / Headnote
Show cause notice dated June 10, 2004 disposed of without imposing any penalty, with a caution to the noticee
Provisions invoked
- s. 11B
- s. 11(3)
- s. 11C(5)
Parties
- Raju B. Shah
Holding
The show cause notice issued to Raju B. Shah for failure to furnish information and refusal to accept summons under the SEBI Act, 1992 was disposed of without imposing any penalty. The noticee was cautioned to be careful in respect of receipt of communications sent by SEBI or any other authority.
Full text
Page 2 of 6 sold 800 shares in the fall period and bought 60,900 shares in the rise period accounting for 30.10% and 32.60% for the market volume of the rise and fall period respectively.
Page 3 of 6 B Summons to appear in person along with information issued to Raju B. Shah Copy by courier, M/s Overnite Express Ltd. Courier no. 30441423 dated March 31, 2004 Returned undelivered with remarks "refused” to "Accept"
Page 4 of 6 (iii) As he has not dealt in the shares of AITL, the question of submitting details of his transactions in physical form or otherwise, copies of contract notes /confirmation slips and bills does not arise. (iv) Mr. Niraj K. Goyal, Director, Bhavya Infrastructure and Developers Ltd. had filed and affidavit dated June 1, 2001 which stated that 83,900 shares of AITL were routed through his demat A/c and that no gain or benefit had accrued to him. It is also stated that Bhavya Infrastructure and Developers is solely responsible for alleged trades of AITL.
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Source: SecMarx — sebi:WTM/PS/44/ID1/MAR/10. 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.