sebi:8256
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Facts / Headnote
Enquiry proceedings and post-enquiry show cause notice disposed without imposing any penalty; broker directed to be careful in future
Provisions invoked
- s. 19
Regulations
- Reg. 13(4)
- Reg. 4(a)
- Reg. 7
Parties
- Mahesh Kumar Damani
Holding
The enquiry proceedings and post-enquiry show cause notice against broker Mahesh Kumar Damani in the matter of Ranbaxy Laboratories Ltd. are disposed without imposing any penalty or direction. The broker is directed to be careful in future while dealing in the securities market.
Full text
1. Securities and Exchange Board of India (hereinafter referred to in short as “SEBI”) conducted investigation into the affairs relating to buying, selling and dealing in the shares of Ranbaxy Laboratories Ltd.
and he had already taken steps to develop a software so as to get details of both buy and sale transactions being executed in his terminals. It is also stated that the compliance officer has already been instructed to monitor such transactions and report the same to him on weekly basis. Further, the Broker assured his compliance with the
Place: Mumbai V. K. CHOPRA Date: June 14, 2007 WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA
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Source: SecMarx — sebi:8256. 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.