sebi:EAD/KS/VB/AO/110/2017-18
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Facts / Headnote
Alleged violations not established against the Noticee; Issues (b) and (c) require no consideration
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Prefer (Noticee)
Holding
The alleged violations of the PFUTP Regulations, 2003 by the Noticee (Prefer) in relation to self-trades in the scrip of TBHL (Byke) were not established, and accordingly Issues (b) and (c) required no consideration.
Full text
Page 2 of 24 APPOINTMENT OF ADJUDICATING OFFICER 3. Ms. Anita Kenkare was appointed as the Adjudicating Officer, vide Order dated April 16, 2015 and Communique dated November 05, 2015,under Section 15 I of the Securities and Exchange Board of India Act, 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 Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and (g) of PFUTP Regulations, 2003 by the Noticee.
Page 3 of 24 6. The details of the self-trades entered into by the noticee on BSE as per IR are given below: Self trades (BSE):
Page 4 of 24 BSE THROUGH STOCK BROKER MAVERICK SHARE BROKERS LTD. ON BOTH BUY AND SELL SIDES Sl. No Date Total traded quantity in the Byke scrip on BSE Total Self trade qty Total buy trade qty % of self trade qty to buy qty
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Source: SecMarx — sebi:EAD/KS/VB/AO/110/2017-18. 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.