sebi:IVD-ID7/SVIL/AO/DRK/SS/EAD3-93/2009
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Facts / Headnote
Ex-parte penalty imposed on noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 13
Parties
- Rocky Marketing Private Limited
Holding
Rocky Marketing Private Limited violated Regulation 4 (a), (b), (c) and (d) of the PFUTP Regulations, 1995 read with Regulation 13 of the PFUTP Regulations, 2003, and is liable to penalty under Section 15HA of the SEBI Act. A penalty of Rs.6,00,000 was imposed on the noticee.
Full text
Page 2 of 9 3. Total traded quantity as provided by CSE in the scrip was 70,15,661 shares. The trading by major brokers was as follows:
Page 3 of 9 Relating to Securities Market) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations, 2003’) alleged to have been committed by the Rocky Marketing Private Limited (hereinafter referred to as the ‘noticee’).
Page 4 of 9 buyer and the promoter related entities acted as the sellers. It was alleged that even though the noticee had purchased around 2.50 lakh shares during the period January 16, 2003 to February 3, 2003, on February 6, 2003, Bubna had transferred 6 lakh shares to the noticee. It was observed that on February 10, 2003, 5 lakh shares had been purchased by the noticee and the seller to the trade was Amluckie Investment Co. Ltd. (promoter related entity) and the price was Rs.14.97/-, almost 35% higher than the price on January 31, 2003.
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Source: SecMarx — sebi:IVD-ID7/SVIL/AO/DRK/SS/EAD3-93/2009. 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.