2014 (10) TMI 1079

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... is a third accused in C.C.No.37 of 2004, on the file of the XXIII Metropolitan Magistrate, Saidapet, Chennai. The respondent is the complainant in the case. The said case was instituted on a private complaint alleging that the accused in the said case, including the petitioner, have committed offence punishable under Section 24(1) of the Securities and Exchange Board of India Act, 1992. In the sa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....1999. As per the said Regulations, for commencing collective investment scheme, one should apply for registration with SEBI and obtain such a registration in terms of Regulation 73(1) of the said Regulations. But the first accused company did not make any such application seeking registration and thus, the scheme in violation of Section 12(1B) of the Securities and Exchange Board of India Act, 199....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oppose this petition. According to her, a notice was issued to the first accused company by the respondent herein, calling upon the company to give the particulars of the Directors of the company. In the reply, it was informed to the respondent that the petitioner was also a Director of the company. It is based on the said information furnished by the first accused company, the prosecution was lau....