sebi:EAD-5/BS/AO/2-6/2018-19
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Facts / Headnote
Alleged violations of Regulations 3(a) to (d) and 4(2)(e) of PFUTP Regulations against all five Noticees not established; benefit of doubt given to Noticees
Provisions invoked
- s. 15
- s. 15H
- s. 15I
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Pavitra Dakalia (HUF)
- Depankar Mishra
- Sangita Seware
- Hetal Nilesh Gor
- M/s Shilodaya Investment and Finance Private Limited
Holding
The alleged violation of Regulations 3(a) to (d) and 4(2)(e) of the PFUTP Regulations by Noticees 1 through 5 was not established on the basis of the material available on record, and benefit of doubt was given to the Noticees.
Full text
Page 2 of 23 (hereinafter referred to as “PFUTP Regulations” ) by i) Pavitra Dakalia (HUF), ii) Depankar Mishra, iii) Sangita Seware, iv) Hetal Nilesh Gor, and v) M/s Shilodaya Investment and Finance Private Limited (hereinafter collectively referred to as "Noticees" and individually referred to as Noticee no. 1, 2, 3, 4 and 5 respectively).
Page 3 of 23 SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING 4. A common Show Cause Notice dated September 09, 2015 (hereinafter referred to as 'SCN') was issued to the Noticees, in terms of Section 15I of the SEBI Act, 1992 read with Rule 4 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Rules”) for the violations as specified in the SCN. Reply of the Noticees
Page 4 of 23 v. In future he will not trade in low volume and continuously increasing scrips. His trading in TFL happened out of ignorance.
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Source: SecMarx — sebi:EAD-5/BS/AO/2-6/2018-19. 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.