sebi:EAD/BJD/NJMR/160/2017-18
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Disposed of without any penalty
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 4
- Reg. 3
Parties
- Ramavtar Surekha
Holding
The charge that Ramavtar Surekha manipulated the price of Systematix Corporate Services Ltd. in violation of Regulation 3 and Regulation 4 of the PFUTP Regulations was not established, and the adjudication proceedings against him were disposed of without any penalty.
Full text
Adjudication Order in the matter of Systematix Corporate Services Ltd., Page 2 of 18 Period Opening price ` Closing price ` High Price ` Low Price ` Trading days % change in price of the scrip Average Daily traded volume Total traded Volume Patch 1: 02/09/2010 to 12/11/2010 26.45 292.20 313.9 (12/11/10) 26.35 (03.09.10) 51 1005% (Increase) 43243 2205415 Patch 2: 15/11/2010 to 26/05/2011 285 63.4 290 (15/11/10) 61.05 (26/05/2011) 123 77.75% (Decrease) 4252 523021 Patch 3: 30/05/2011 to 17/06/2011 62 107.75 110 (17/06/11) 62 (03/05/2011) 15 73.8% (Increase) 2370
Adjudication Order in the matter of Systematix Corporate Services Ltd., Page 3 of 18 SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
Adjudication Order in the matter of Systematix Corporate Services Ltd., Page 4 of 18 Vide letter dated November 10, 2017 the Noticee submitted his reply to the SCN, which is summarized hereunder.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:EAD/BJD/NJMR/160/2017-18. 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.