sebi:EAD/KS/MKG/AO/70/2017-18
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Facts / Headnote
Show Cause Notice disposed of without imposition of any penalty
Provisions invoked
- s. 15H
- s. 15J
Regulations
- Reg. 2(c)
- Reg. 3
- Reg. 4(1)
- Reg. 4(2)(a)
- Reg. 3(a)
- Reg. 4(2)(g)
- Reg. 3(b)
- Reg. 3(c)
Parties
- Gajanan Enterprises
Holding
The Adjudicating Officer held that the alleged violations of Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and (g) of the PFUTP Regulations, 2003 by Gajanan Enterprises in the scrip of VIL do not stand established, and disposed of the Show Cause Notice without imposing any penalty.
Full text
Page 2 of 21 1992 (hereinafter referred to as "SEBI Act"), read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as ‘Rules’) to inquire into and adjudge under Section 15HA of SEBI Act, the alleged violation of the provisions of law by Noticee.
Page 3 of 21 6. The Noticee vide letter dated November 20, 2017 requested an extension of 15 day time for filing its reply to SCN. Thereafter for the purpose of inquiry an opportunity of hearing, in accordance with the principles of natural justice, was provided to the Noticee on December 12 , 2017 vide hearing notice dated November 27, 2017. In the said Hearing Notice, Noticee was also asked to furnish its reply to the SCN by December 05, 2017.
Page 4 of 21 c) Trading Strategy: We trade through multiple dealers who carry out jobbing, arbitrage and positional trading in securities on one or more Exchanges. This is carried out through multiple trading strategies that are deployed while executing the transactions.
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Source: SecMarx — sebi:EAD/KS/MKG/AO/70/2017-18. 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.