2015 (7) TMI 579

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cing Company Secretary For The Respondent : Mr. Kumar Desai, Advocate with Mr. Mihir Mody and Mr. Pratham V. Masurekar, Advocates Per : J.P. Devadhar (Oral) 1. These two appeals are filed by the appellants to challenge ex parte orders passed by adjudicating officer of Securities and Exchange Board of India ('SEBI') both dated January 20, 2014. By those two orders, penalty of Rs. 5 lac and....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Both appeals are disposed of in above terms with no order as to costs. Per : A. S. Lamba This appeal has been filed by Vikas Valunji (appellant) against order no. JJ/AC/AO-11-13/2014 dated January 20, 2014 by adjudicating officer, imposing penalty of Rs. 5,00,000/- on appellant for violation of Regulation 14(1) of SAST Regulations, 1997, under Section 15H(ii) of SEBI Act, 1992. 2. As per ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ooperation between employees and management since any correspondence to registered office of VAL, is not reaching appellant. Learned counsel for respondent stated that all notices to appellant were sent by speed post at residential address of appellant, which have been duly serviced on appellant and proof of service of all notices is available with respondent. 4. On a query from Hon'ble Presidi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....otices by registered post with acknowledgment due, addressed to that person or his duly authorised agent, or by speed post or by such courier service, as may be approved by the Board or by any other means of transmission of documents including Fax message or electronic mail service, which affords a record of delivery, is a proper service and hence contention of appellant that he did not received c....