sebi:WTM/SKM/EFD1-DRAIII/3/2018-19
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Facts / Headnote
Impugned order dated November 24, 2017 set aside; Noticee found to have violated Section 11C(3) of the SEBI Act; penalty of Rs. 5,00,000 imposed under Section 15A(a) of the SEBI Act
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15J
- s. 11C
- s. 12
- s. 11C(3)
Parties
- Ms. Ilaben Manojbhai Majevadiya
Holding
The order sets aside the Adjudicating Officer's finding that Section 11C(3) of the SEBI Act is not a violative provision, holding that non-compliance with summons issued under Section 11C(3) constitutes a violation attracting penalty under Section 15A(a) of the SEBI Act, and imposes a penalty of Rs. 5,00,000 on the Noticee.
Full text
Order in respect of Ms. Ilaben Manojbhai Majevadiya in the matter of Unregistered Investment Advisory activities by Khanda group Page 2 of 12
Order in respect of Ms. Ilaben Manojbhai Majevadiya in the matter of Unregistered Investment Advisory activities by Khanda group Page 3 of 12
Order in respect of Ms. Ilaben Manojbhai Majevadiya in the matter of Unregistered Investment Advisory activities by Khanda group Page 4 of 12
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Source: SecMarx — sebi:WTM/SKM/EFD1-DRAIII/3/2018-19. 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.