TMI Blog2008 (7) TMI 1066X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 lacs on the appellant under Section 15A(a) of the Securities and Exchange Board of India Act, 1992 (for short the Act) on account of its failure to provide the necessary information during the course of the investigations. 2. The Securities and Exchange Board of India (hereinafter called the Board) ordered investigations into the dealings in the scrip of Robinson Worldwide Trade Limit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m the side of the appellant. Yet another summons was issued on 18th January, 2006 and despite all these summons, the appellant failed to furnish the requisite information. The Board initiated adjudication proceedings under Chapter VIA of the Act. The adjudicating officer issued a show cause notice on 19th September, 2006 which was received by the appellant and time was sought for filing its reply. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , a copy of the demat account statement etc. which the appellant deliberately failed to furnish. Such a failure on the part of a market player has to be viewed seriously as it hampers the regulator from carrying on its statutory duty of investigating into the market irregularities. We have perused the impugned order and are satisfied that the appellant has been avoiding to supply the information s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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