sebi:IVD-ID1/EAL/AO/DRK-VB/EAD3-728/53-2015
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Facts / Headnote
Penalty imposed on the noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Gajanan Enterprises
Holding
The Adjudicating Officer held that Gajanan Enterprises violated Regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(a) and 4(2)(g) of the PFUTP Regulations by executing self trades that created a false and misleading appearance of trading, and imposed a penalty of Rs. 20,00,000 under Section 15HA of the SEBI Act.
Full text
Page 2 of 10 Market) Regulations, 2003 (hereinafter referred to as "PFUTP Regulations") alleged to have been committed by Gajanan Enterprises (hereinafter referred to as “noticee”).
Page 3 of 10 6. Vide email dated March 24, 2014, the noticee requested for the soft copy of the trade log and on the same day vide email dated March 24, 2014, the noticee was provided with the soft copy of the trade log.
Page 4 of 10 which it moves downwards, the unexecuted limit sell orders remain in the pending order book. At the time of reversal of movement, the dealer may be required to immediately place orders which may sometimes matched against previously placed pending orders. Many a times only a part of the
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Source: SecMarx — sebi:IVD-ID1/EAL/AO/DRK-VB/EAD3-728/53-2015. 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.