0021-2012 Systematix Shares and Stocks India Limited vs Securities and Exchange Board of India
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“I am of the view that the nature of transactions itself make it clear that such trades could not have taken place without willful assistance of the Noticee while executing the buy/sale orders. Such transactions/contract for sale and purchase by the same person are ipso facto void and illegal as there is no change in beneficial ownership and the undersigned is of the opinion that such transactions can only be executed with a fraudulent motive to artificially increase the traded volume of the scrip or its price or both. The Noticee has accepted it as an unintentional mistake on its pa
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 21 of 2012 Date of Decision: 23.4.2012
Systematix Shares & Stocks (India) Limited 2nd Floor, J.K. Somani Building, British Hotel Lane, Bombay Samachar Marg, Fort, Mumbai – 400 001.
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Source: SecMarx — 0021-2012 Systematix Shares and Stocks India Limited vs Securities and Exchange Board of India. 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.