sebi:ERO/AICL/AO/DRK/MD/EAD-3/12/2009
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Facts / Headnote
Violations established ex-parte; consolidated penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15H
- s. 11C
- s. 11C(3)
Regulations
- Reg. 7
- Reg. 6
- Reg. 4(2)
- Reg. 8(1)
- Reg. 8
- Reg. 8(b)
Parties
- Srijan Vyapar Private Limited
Holding
Srijan Vyapar Private Limited violated Regulations 4(2)(a), 4(2)(e) and 8(1)(b) of the PFUTP Regulations and a penalty of Rs.1,00,00,000 under Sections 15A and 15HA of the SEBI Act, 1992 was imposed, decided ex-parte.
Full text
Page 2 of 15 for the last three years and there are no major corporate events in the said period. In such insignificant financial performance of the company, the share price of the company moving from Rs.95 to 298.50 is not justified by the fundamentals of the company. There was price rise to the extent of 214% in less than five months period.
Page 3 of 15 Regulations. The IR at page no. 28 also clearly mentions the violation of Regulation 8(1) (b) by the noticee instead of 8(b).
Page 4 of 15 (a) …… (b) to appear before the Investigating Authority personally when required to do so by him under regulation 6 or regulation 7 to answer any question which is put to him by the Investigating Authority in pursuance of the powers under the said regulations.
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Source: SecMarx — sebi:ERO/AICL/AO/DRK/MD/EAD-3/12/2009. 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.