sebi:EAD/PM-NK/AO/22/2018-19
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Facts / Headnote
Penalty of Rs. 4,00,000 imposed on the Noticee for violation of PFUTP Regulations; earlier order quashed and set aside by SAT and matter remanded for fresh order on merits
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 24
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 200
Parties
- Sunil Purohit
Holding
The Adjudicating Officer imposed a penalty of Rs. 4,00,000 on Sunil Purohit for engaging in circular/synchronized trading in the scrip of K. Sera Sera Productions Limited in violation of Regulations 4(1) and 4(2)(a), (b), (e) and (g) of the SEBI (PFUTP) Regulations, 2003. The earlier order in the matter was quashed and set aside by the Securities Appellate Tribunal and the matter was restored to the Adjudicating Officer for passing a fresh order on merits.
Full text
Adjudication Order in respect of Sunil Purohit in the matter of Trading in the Shares of K. Sera Sera Productions Limited .
Adjudication Order in respect of Sunil Purohit in the matter of Trading in the Shares of K. Sera Sera Productions Limited .
Adjudication Order in respect of Sunil Purohit in the matter of Trading in the Shares of K. Sera Sera Productions Limited .
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Source: SecMarx — sebi:EAD/PM-NK/AO/22/2018-19. 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.