sebi:MO/94/MIRSD/01/06

SEBI · SEBI · 2002-08-06 · Madhukar, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Minor penalty of censure imposed

Provisions invoked

• s. 19
• s. 12

Regulations

• Reg. 13(4)
• Reg. 5(1)
• Reg. 13(2)
• Reg. 200
• Reg. 6

Parties

• M/s JHP Securities Pvt Ltd

Holding

SEBI imposed a minor penalty of censure on M/s JHP Securities Pvt Ltd (INB010990036), member of The Stock Exchange, Mumbai. The order was to come into force with immediate effect.

Full text

Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ ORDER AGAINST M/s JHP SECURITIES PVT LTD., MEMBER, THE STOCK EXCHANGE, MUMBAI SEBI REGISTRATION NO. INB010990036 UNDER REGULATION 13(4) SEBI (PROCEDURE FOR HOLDING ENQUIRY BY ENQUIRY OFFICER AND IMPOSING PENALTY) REGULATIONS, 2002

1.1 M/s JHP Securities Pvt Ltd (hereinafter referred to as the ‘broker’) is a member of the The Stock Exchange, Mumbai (hereinafter referred to as ‘BSE’) and is registered with the Securities and Exchange Board of India (hereinafter referred to as ‘SEBI’) as a Stock broker under Section 12 of SEBI Act, 1992 with Registration Number INB010990036. 1.2 An Inspection of the Books of Accounts, Documents and other records maintained by the broker for the period April 2000 to September 14, 2002, was carried out by M/s. A J Shah & Co, Chartered Accountants appointed by SEBI vide letter no.SMD/DBA-1/Pre-Insp/AK/14877/2002 dated 06/08/2002. During the inspection, certain irregularities found to have been committed by the broker were observed. 2.0 APPOINTMENT OF ENQUIRY OFFICER 2.1 Inspection Report was forwarded to the broker on completion of inspection. After considering his reply dated 12.12.2002, an Enquiry officer was appointed vide

3.0 SHOW CAUSE NOTICE AND THE BROKER’S SUBMISSIONS 3.1 A copy of the Enquiry Report was sent to the broker along with a show cause notice dated January 18, 2005, in terms of Regulation 13(2) of the said Regulations calling upon it to show cause as to why appropriate penalty including the penalty as recommended by the Enquiry Officer should not be imposed on it. 4.0 CONSIDERATION OF THE ENQUIRY REPORT 4.1 I have carefully considered the findings of the Inspection, Enquiry and the

Source: SecMarx — sebi:MO/94/MIRSD/01/06. 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.