sebi:AS/AO-01/2014
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Facts / Headnote
Penalty imposed on the Noticee for violations of PFUTP Regulations and Broker Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 200
- Reg. 4(2)(a)
- Reg. 4(2)(g)
Parties
- P. J. Chaudhary
Holding
The Noticee P. J. Chaudhary was held liable for violating Regulation 4(1) read with 4(2)(a) and 4(2)(g) of the PFUTP Regulations and Regulation 7 read with Clause A(1)-(5) of the Code of Conduct under the Broker Regulations by engaging in circular/synchronized trading in the scrip of SKS Logistics Ltd. A total monetary penalty of Rs. 22,00,000 was imposed (Rs. 16,00,000 under Section 15HA and Rs. 6,00,000 under Section 15HB of the SEBI Act).
Full text
---------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of P.J. Chaudhary in the matter of M/s SKS Logistics Ltd.( erstwhile M/s SKS (Ship) Ltd.)
---------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of P.J. Chaudhary in the matter of M/s SKS Logistics Ltd.( erstwhile M/s SKS (Ship) Ltd.)
---------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of P.J. Chaudhary in the matter of M/s SKS Logistics Ltd.( erstwhile M/s SKS (Ship) Ltd.)
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Source: SecMarx — sebi:AS/AO-01/2014. 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.