sebi:BM/AO-148/2011
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Facts / Headnote
Proceedings disposed without penalty; Noticee absolved
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
Parties
- Priyanshi Securities Services Ltd
Holding
The allegation that the Noticee violated Regulations 3, 4(1), 4(2)(a), (b), (e) and (g) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 was held not established. The proceedings were disposed without imposition of penalty under Section 15HA of the SEBI Act.
Full text
Page 2 of 14 on August 12, 2009 and closed at `. 73.70 on August 12, 2009 with an average volume of 5,258 shares per day. There were no trades executed in the scrip of RCFL at DSE and UPSE during the investigation period.
Page 3 of 14 imposed under section 15HA of SEBI Act for the alleged violation specified in the said SCN. The SCN was duly acknowledged by the Noticee.
Page 4 of 14 9. In order to conduct an inquiry as per Rule 4 (3) of the Rules, the Noticee was granted an opportunity of hearing on 23.09.2011 at SEBI, NRO, Delhi. Mr. Vishal Lochan Aggarwal Authorised Representative appeared on behalf of the Noticee and submitted that in addition to the submissions made by letter dated 26.07.2011 they will make further
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Source: SecMarx — sebi:BM/AO-148/2011. 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.