sebi:EAD-8/ORDER/KS/VB/2019-20/4925
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Exonerated - violation of Code of Conduct not established, no penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 7
- Reg. 6
- Reg. 9(f)
- Reg. 9
- Reg. 199
- Reg. 200
- Reg. 3(a)
Parties
- Anugrah Stock & Broking Pvt. Ltd.
Holding
The Noticee broker did not violate Clause A(2) of the Code of Conduct for Stock Brokers read with Regulations 7 and 9 of the Broker Regulations merely by acting as broker and counterparty broker for Manasvi Consultancy Pvt. Ltd.'s self-trades in the scrip of The Byke Hospitality Ltd.
Full text
Page 2 of 29 Brokers) Regulations, 1992 read with Regulation 9 of the SEBI (Stock Brokers and Sub Brokers) Regulations, 2013 (hereinafter referred to as “Broker Regulations”).
Page 3 of 29 Self trades (BSE): Entity Name Broker On Both Buy & Sell Side Total Self Trade Volume Total Self Trade Count Self Trade count from same terminal No of days on which self trades done % Of Self Traded Qty. To Market Vol. Net LTP contribution by self trades(Rs.) Manasvi Consultancy Private Limited Raga Securities & Finance Pvt.Ltd. Anugrah Stock & Broking Pvt.Ltd. 4764 11 0 2 0.018 -0.05 Anugrah Stock Broking Pvt.Ud. Anugrah Stock & Broking Pvt.Ltd. 4706 21 21 20 0.018 0.8 Anugrah Stock & Broking Pvt.Ltd. Raga Securities & Finance Pvt.Ltd. 4243 12 0 3 0.016 0.55 Total 13713 44 21 25 0.052 1.3
Page 4 of 29 Anugrah Stock & Broking Pvt. Ltd. Anugrah Stock & Broking Pvt.Ltd. 12684 81 81 43 0.053 0.85 Anugrah Stock & Broking Pvt.Ltd. Raga Securities & Finance Pvt.Ltd. 56 4 0 1 0 -0.05 Total 12742 87 81 46 0.053 0.85
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Source: SecMarx — sebi:EAD-8/ORDER/KS/VB/2019-20/4925. 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.