sebi:BM/AO-36/2010
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Facts / Headnote
Penalty of Rs. 2,00,000 imposed on the Noticee under section 15HA of SEBI Act; Noticee absolved of violations under Regulation 4(2)(b) and 4(2)(g) of PFUTP
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 200
- Reg. 4(1)
- Reg. 4(2)(a)
- Reg. 4(2)(e)
- Reg. 4(2)(g)
- Reg. 4(2)(b)
Parties
- Jayesh Kumar Shah
Holding
The Noticee violated Regulation 4(1), 4(2)(a) and 4(2)(e) of PFUTP Regulations 2003 by creating artificial price rise and false or misleading appearance of trading in the scrip of EL, and is liable for penalty under section 15HA of SEBI Act. The Noticee was absolved of violations under Regulation 4(2)(b) and 4(2)(g) for lack of substantive evidence.
Full text
Page 2 of 13 the lowest volume on July 01, 2005, when only one share was traded and highest being on August 26, 2005 when 1,36,70,180 shares were traded.
Page 3 of 13 monetary penalty under section 15HA of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”).
Page 4 of 13 9. The SCN was finally affixed at the last known address of the Noticee, i.e., Flat No. 30, Patel Building, 3rd Floor, 8/16 M K Amin Marg, Bora Street, Fort, Mumbai 400023 on January 27, 2010.
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Source: SecMarx — sebi:BM/AO-36/2010. 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.