sebi:190-210_198
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Facts / Headnote
Censure
Provisions invoked
- s. 19
- s. 12
Regulations
- Reg. 7
- Reg. 13(4)
- Reg. 4
- Reg. 13(2)
- Reg. 5
- Reg. 6
- Reg. 4(b)
- Reg. 6(1)
- Reg. 15(1)(c)
Parties
- Shyam Sundar Dalmia
Holding
The Whole Time Member held that 7 synchronized trades of Shyam Sundar Dalmia with same-address brokers Dalmia Securities Ltd. and Narain Prasad Dalmia violated Regulation 7 read with Code of Conduct A(3) and (4) and Regulation 4(b) of PFUTP Regulations, and imposed a penalty of 'censure', disposing the show cause notice.
Full text
Jan 19, 2007 | Orders : Orders of Chairman/Members BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA CORAM: V.K CHOPRA, WHOLE TIME MEMBER
4.0 HEARING 4.1 In their said reply to show cause notice, the Broker requested for an opportunity of personal hearing. The Broker was accordingly advised to attend the personal hearing befo Head Office SEBI at Mumbai on September 28, 2006. Mr. Somasekhar Sundaresan, Advocate, J. Sagar & Associates and Mr Rajesh Sinha, Company Secretary, M/s Securities (P) Ltd. attended the hearing and also filed written submission dated September 28, 2006. Therefore, I am proceeding in the matter on the basis of the submi the Broker and the material before me. 5.0 CONSIDERATION OF ISSUES & FINDINGS 5.1 I have carefully examined the Enquiry Report, Show Cause Notice, reply of the Broker and submissions made at the time of hearing. 5.2 The scrip of Ranbaxy Laboratories Ltd. (herein after referred as Ranbaxy) traded around the price range of Rs.270/- at the beginning of January 1999. The price of the scrip m to Rs.320/- by the end of January 1999 and it continued to move upward during February – March 1999 and reached to Rs.650/- by end of March 1999. The price of t thereafter moved to Rs.700/- during May 1999 and came down to Rs.600/- during June 1999. The price subsequently touched Rs.800/- during July 1999 and Rs.1000/ August 1999. The scrip was being traded in the range of Rs.900/- to Rs.1100/- during August – September 1999 and its price increased to Rs.1200/- during Octobe Effectively the price of the scrip moved up from Rs.267 on 01.01.99 to a high of Rs.1215/- on 13.10.99. Later on the p
Buy Mem Name Trade date Buy Order time Buy Order time Buy order Qty Buy order rate Sell Mem Name Sell order Qty Buy orderrate Sell Mem Name Sell Order time Sell
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Source: SecMarx — sebi:190-210_198. 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.