sebi:IVD-ID5/UTI/AO/DRK-AKS/EAD-3/365/31-13
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Facts / Headnote
Allegations not established; adjudication proceedings disposed of
Provisions invoked
- s. 15H
Regulations
- Reg. 3
Parties
- Shri Gurchand Singh
Holding
The allegation that the noticee violated Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a), (b), (e) and (g) of the PFUTP Regulations was not established, and the adjudication proceedings were disposed of.
Full text
Page 2 of 4 SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’) alleged to have been committed by Shri Gurchand Singh (hereinafter referred to as ‘noticee’) with respect to his dealings / trading in UTI SUNDER ETF and the same was communicated vide communiqué dated 25.04.2012.
Page 3 of 4 submit any reply to the SCN. Therefore, I am compelled to pass an ex-parte order against the noticee based on the material made available on record.
Page 4 of 4 10. In terms of the provisions of Rule 6 of the Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules 1995, copies of this order are being sent to Shri Gurchand Singh residing at H.No. – 13/18, St. No. 15, Linkroad, Chungi No. 4 Mullanpur, Ludhiana – 141101 and also to the Securities and Exchange Board of India, Mumbai.
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Source: SecMarx — sebi:IVD-ID5/UTI/AO/DRK-AKS/EAD-3/365/31-13. 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.