sebi:CO/03/ISD/06/2004
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Facts / Headnote
Interim order dated 31.12.2002 directed to cease to operate against the listed entities
Provisions invoked
- s. 4(3)
- s. 11
Regulations
- Reg. 11
Holding
The ex-parte ad interim order dated 31.12.2002 shall cease to operate against the fourteen listed entities, as the circumstances under which the interim order was passed have substantially changed and other proceedings have been initiated against them.
Full text
Exchange (NSE), the stock exchanges on which the share was listed. Complaints were also received during this period stating that persons/entities associated with Shri Ketan Parekh (hereinafter referred to as "KP Entities") had purchased shares from the promoter group in a synchronized manner indulged in fraudulent and unfair trade practices such as creation of artificial market for and manipulation of the price of the scrip. Securities and Exchange Board of India (hereinafter referred to as "SEBI") conducted a
The major clients of the said brokers were as under: Broker Client/s Credit Suisse First Boston (I) Securities Limited Own account Kallar Kahar Classic Credit Limited Panther Fincap & Management Services Limited Brentfield Holdings Ltd. Kensington Investments Ltd. Luminant Investment Pvt. Ltd. Hem Securities Ltd. Panther Fincap Management Services Ltd. • • • • • • •
Indsec Securities and Finance Ltd. Vidyut Investments Ltd. Classic Credit Ltd. Coral Reef Inv.Co.Ltd. (Sub Account of RP&C International) Latin Manharlal Securities Limited Panther Fincap Management Services Ltd. Milan Mahendra Securities Limited Panther Fincap Management Services Ltd. N H Securities Limited Panther Fincap Management Services Ltd. Woodstock Securities Limited Panther Fincap Management Services Ltd. Premier Finance & Trading Co. Pvt. Ltd. • ◦ ◦ ◦ ◦ • •
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Source: SecMarx — sebi:CO/03/ISD/06/2004. 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.