sebi:EAD/PM-AA/AO/4/2017-18
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Facts / Headnote
Show Cause Notice disposed of without imposition of any penalty
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 3
- Reg. 200
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Chandarana Intermediaries Brokers Pvt. Ltd.
Holding
The Noticee's self-trades in the scrip of PCL did not establish violations of Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and (g) of the PFUTP Regulations, 2003, and Show Cause Notice A&E/EAD/PM/AE/17641/2017 dated July 27, 2017 was disposed of without imposition of any penalty.
Full text
Adjudication Order in respect of Chandarana Intermediaries Brokers Pvt. Ltd. in the matter of Prakash Constrowell Limited Page 2 of 7
Adjudication Order in respect of Chandarana Intermediaries Brokers Pvt. Ltd. in the matter of Prakash Constrowell Limited Page 3 of 7
Adjudication Order in respect of Chandarana Intermediaries Brokers Pvt. Ltd. in the matter of Prakash Constrowell Limited Page 4 of 7 trades dated May 16, 2017 which states that intention is a sine qua non for establishing manipulation in case of self-trades and accidental/unintentional self-trades are not covered under Regulations 4(2)(a), (b) and (g) of PFUTP Regulations, 2003 which are the specific legal provisions applicable to self- trades.
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Source: SecMarx — sebi:EAD/PM-AA/AO/4/2017-18. 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.