sebi:EAD-2/AO/2/2013
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Facts / Headnote
Allegations not established; matter disposed off
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 7
- Reg. 3
- Reg. 4
Parties
- Aracadia Share and Stock Brokers Pvt. Ltd.
Holding
The alleged violations of Regulations 4(1), 4(2)(a), (b), (e) & (n) of the PFUTP Regulations and Regulation 7 read with Code of Conduct A(1)-(5) of the Brokers Regulations against the Noticee do not stand established. The matter is accordingly disposed off with no penalty.
Full text
2. During the period for which the scrips were investigated, there was huge change in price of the scrip. The volume of trade and the change in price of each of the aforesaid companies on BSE are mentioned below.
related/connected/linked to each other and they together form a group (hereinafter collectively referred to as “Mehta Group”).
Officer) Rules, 1995 (hereinafter referred to as “Rules”) to inquire into and adjudge under section 15HA and 15HB of the SEBI Act, the violation of the aforesaid provisions of the PFUTP Regulations and Broker Regulations, alleged to have been committed by the Noticee. Consequent upon transfer of Shri Satya Ranjan Prasad the undersigned has been appointed as the Adjudicating Officer vide order dated May 22, 2012.
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Source: SecMarx — sebi:EAD-2/AO/2/2013. 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.