sebi:190-210_194
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Facts / Headnote
Minor penalty of suspension of certificate of registration for two months imposed on the Noticee
Provisions invoked
- s. 11B
- s. 11
- s. 19
- s. 77A
Regulations
- Reg. 7
- Reg. 4
- Reg. 13(4)
- Reg. 11
- Reg. 3
- Reg. 6
- Reg. 4(a)
- Reg. 4(1)
- Reg. 4(b)
- Reg. 200
- Reg. 6(a)
- Reg. 47
Parties
- M/s Saurashtra Capital Services Pvt. Ltd.
Holding
The Noticee, M/s Saurashtra Capital Services Pvt. Ltd., was found to have violated clause A(2) of Schedule II read with Regulation 7 of Stock Brokers Regulations and Regulations 4(a) to (e) of PFUTP Regulations by facilitating its client RFS to create an artificial market in MFPL, and a minor penalty of two months' suspension of its certificate of registration was imposed.
Full text
Apr 16, 2007 | Orders : Orders of Chairman/Members BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA CORAM: V. K. CHOPRA, WHOLE TIME MEMBER
26/10/2025, 18:15 about:blank about:blank 2/2 artificial demand for the shares of the company an innocent investors for purchasing shares so as to absorb shares by the promoters and related entities. 6.16 The promoters and directors have not given any convincing reply in the matter. Shri Sunil Shah in his written submissions admitted that Shri C.A.Manani, Shri. S. Sankaran and Shri. B. Palanikar the board of directors of the company at the relevant time. He also stated that they have resigned from the board of directors long back. It may be noted that the show cause notices against th also duly affixed at their last known address. However, I find that Shri. Sunil M. Shah submitted a common reply to the show cause notice on behalf of the company MOH Ltd and its pro directors against whom show cause notice were duly served. Apart from the common reply, Shri. Manubhai Oghadlal Shah filed a separate reply to the show cause notice and also filed a submission dated November 27, 2006. He stated that he resigned from the directorship of the company on October 01, 2001 and since then he was not involved in any of the affairs of the c However, he has not produced any document to prove the same. On the other hand, I find from the shareholding pattern as on December 31, 2001 and September 30, 2002 published by BS 26/10/2025, 18:13 about:blank about:blank 3/4
Sell Member Code Sell Client Code Sell Order No Sell Order Date Sell
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Source: SecMarx — sebi:190-210_194. 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.