sebi:AO/SG-DP/EAD/82/2017
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated 24.04.2017 disposed of without penalty; Noticee exonerated
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 3
Parties
- Parimal Raj
Holding
The allegation that Parimal Raj violated Regulation 3(a),(b),(c),(d), 4(1), 4(2)(a) and (g) of PFUTP Regulations by self-trades in Sungold Capital Limited is not tenable, and the adjudication proceedings are disposed of with no monetary penalty under Section 15HA.
Full text
Adjudication Order in respect of Parimal Raj in the matter of Sungold Capital Limited Page 2 of 7 Client Name Gross Buy Gross Buy % To Total Market Vol Gross Sell Gross Sell % To Total Market Vol Net Trade Net Trade % To Total Market Vol (AYSPR4190G) Parimal Raj (ANMPP8391G) 41087 0.33 47050 0.38 -5963 -0.05
Adjudication Order in respect of Parimal Raj in the matter of Sungold Capital Limited Page 3 of 7 8. The SCN was sent at three addresses of the Noticee on record. The SCN sent to Noticee at his Ahmedabad address was served on him on 28.04.2017, as per India Post web-tracking details on record. SCN sent at other two addresses of the Noticee returned undelivered. It is noted from the records that no reply from Noticee has been received in response to SCN till date.
Adjudication Order in respect of Parimal Raj in the matter of Sungold Capital Limited Page 4 of 7 Sir, my humble request please understand my problem due to natural calamity (Rain), I am not appear before your honour on specific date given by you. Please give me another last opportunity and oblige.”
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Source: SecMarx — sebi:AO/SG-DP/EAD/82/2017. 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.