sebi:DSR/AO-05/2009
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Facts / Headnote
Penalty imposed on the noticee for violating FUTP Regulations and Broker Regulations
Provisions invoked
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 4(1)
Parties
- Capman Capital Markets Limited
Holding
The noticee, Capman Capital Markets Limited, violated Regulation 4(1), 4(2)(a), (b), (g) and (n) of the FUTP Regulations and Regulation 7 and Clause A(1) to A(5) of the Code of Conduct under Schedule II of the Broker Regulations by participating in circular/reversal and synchronized trading in the scrip of TWPL. A monetary penalty of Rs. 2,00,000/- was imposed on the noticee.
Full text
Page 2 of 12 1.2 The investigations revealed the following: a) The Company was incorporated in 1992 and has its Registered Office at Survey No. 251/2, Valsad Falia, Near Jain Temple, Dadra & Nagar Haveli.
Page 3 of 12 2.0 SHOW CAUSE NOTICE, REPLY AND HEARING 2.1 A show cause notice dated January 29, 2008 was issued to the noticee. Vide letter dated February 13, 2008, the noticee replied, inter-alia, submitting the following:
Page 4 of 12 in their own account and had also stopped trading for Shri Rakesh Mithapara from the month of April, 2005, as soon as they received a letter from SEBI.
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Source: SecMarx — sebi:DSR/AO-05/2009. 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.