sebi:IVD/GEE/BKS/AO/DRK/AS/EAD-3/280/2009-46/2011
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Facts / Headnote
Proceedings disposed of; no penalty imposed
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 4
- Reg. 3(a)
Parties
- Shri Basant Kumar Sanganeria
Holding
The alleged violation of Regulation 3(a), (b), (c),(d) and Regulation 4 (1), 4 (2) (a), (b) & (e) of the SEBI PFUTP Regulations could not be established against the noticee Shri Basant Kumar Sanganeria, and no penalty was imposed.
Full text
Page 2 of 8 3. During the investigation period, the price of the scrip rose by Rs. 42.20 in 26 trading days with average daily volume of 7,290 shares. Prior to the period of examination (i.e. 03/03/2009 to 27/04/2009), the scrip traded in the range of Rs. 28.35 and Rs.39.00 with average daily volume of 3,182 shares. The scrip was transferred to trade-to-trade segment w.e.f June 12, 2009 and the circuit filters were revised as follows:
Page 3 of 8 well as promoter of GEE), Vidhya Finvest Ltd. (promoter of GEE) and Shri Sanwarmal Agarwal (Executive Director as well as promoter of GEE) along with the noticee, the introducer of all the three entities and his HUF i.e. Basant Kumar Sanganeria HUF (BKS HUF), his wife Ms. Sunita Sanganeria (SS) and his mother Ms. Gayatri Devi Sanganeria (GDS) acted as a group (hereinafter referred to as the main group) and dealt majorily in the scrip during the period of investigation.
Page 4 of 8 11. The SCN stated that the reply shall reach within 15 days from date of receipt of the notice, failing which it shall be presumed that the noticee has no reply to submit and the matter shall be proceeded on the basis of material available on record. The noticee vide his reply dated May 20, 2011 made his submissions. The summary of his submissions are-
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Source: SecMarx — sebi:IVD/GEE/BKS/AO/DRK/AS/EAD-3/280/2009-46/2011. 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.