sebi:BM/AO-39/2010
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Facts / Headnote
Allegations not established; matter disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
Parties
- Shri Ramniklal Patel
Holding
The allegation of violation of regulations 4(1), 4(2)(a), (b), (e) and (g) of PFUTP by the Noticee does not stand established and the matter is accordingly disposed of without monetary penalty under section 15HA.
Full text
Page 2 of 9 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 9 monetary penalty under section 15HA of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”).
Page 4 of 9 9. The Noticee vide letter dated February 1, 2010 replied to the SCN stating that one Mr. Rameshbhai Jain had opened an account in his name and he used to get Rs2500/- per month in his account. He is not aware of any transactions done in his account. If SEBI wanted any information regarding these transactions, it should contact either Rameshbhai Jain or Pawanbhai Chaudhury. However the Noticee did not submit any contact address/number of the above entities.
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Source: SecMarx — sebi:BM/AO-39/2010. 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.