sebi:ORDER/PM/RR/2019-20/7305

SEBI · SEBI · 2017-06-30 · Prasanta Mahapatra, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings disposed without penalty - violations not established

Provisions invoked

• s. 15
• s. 12A
• s. 15H
• s. 15J

Regulations

• Reg. 3
• Reg. 3(a)

Parties

• Pragnesh Rohit Pandya

Holding

The Adjudicating Officer disposed of the proceedings against Pragnesh Rohit Pandya holding that alleged violations of Section 12A(a), (b) and (c) of the SEBI Act and Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(e) of the SEBI (PFUTP) Regulations, 2003 were not established, and imposed no penalty under Section 15HA.

Full text

Adjudication Order against Pragnesh Rohit Pandya in the matter of Alexander Stamps and Coin Limited Page 2 | 11 adjudge under the provisions of Sections 15HA of the SEBI Act for the alleged violation of Section 12A(a), (b) and (c) of the SEBI Act and Regulations 3(a), (b), (c) & (d), 4(1), 4(2) (e) of SEBI PFUTP Regulations, 2003 by the Noticee.

Adjudication Order against Pragnesh Rohit Pandya in the matter of Alexander Stamps and Coin Limited Page 3 | 11 d) It was observed that, during September 1, 2014 to March 20, 2015, the Noticee and 6 other suspected entities namely, Narayan Acharya, Semwal 3 Pragnesh Rohit Pandya AMJPP42 38N  Entities number 1, 2 and 6 are Directors of the company and entity number 3 is CEO cum compliance officer of the company (Key managerial persons)  Entities number 3,4 and 5 are related based on common mobile number and Address  Entity number 5 named Vaishali Pragnesh Pandya is wife of entity number 3 Pragnesh Rohit Pandya (CEO)  Entity number 4 named Darshanna Bhavesh Pandya is sister in law of entity number 3 named Pragnesh Rohit Pandya (CEO). 4 Darshann a Bhavesh Pandya BTXPP19 36R  Entities number 3, 4, and 5 are related based on common mobile number and Address.  Entity number 4 named Darshanna Bhavesh Pandya is sister in law of entity number 3 named Pragnesh Rohit Pandya (CEO) 5 Vaishali Pragnesh Pandya AMTPP4 474G  Entities number 3, 4, and 5 are related based on common mobile number and Address.  Entity number 5 named Vaishali Pragnesh Pandya is wife of entity number 3 Pragnesh Rohit Pandya (CEO). 6 Narayan Acharya ADRPA15 47J  Entities number 1, 2 and 6 are Directors of the company and entity number 3 is CEO cum compliance officer of the company( Key managerial persons)  Entity number 6 has received shares from entity number 7 through off market  Entities number 6 and 8

Adjudication Order against Pragnesh Rohit Pandya in the matter of Alexander Stamps and Coin Limited Page 4 | 11 Govindram Dhanesh, Satish Korogappa Shetty, Vaishali Pragnesh Pandya, Darshana Bhavesh Pandya and Leelavathi D Acharya traded among themselves and contributed to positive LTP. Summary of trades by these entities is given below: Seller Name Buyer Name Vaishali Pragnesh Pandya Darshanna Bhavesh Pandya Leelavathi D Acharya Narayan Acharya Semwal Govindram Dhanesh Satish Korogappa Shetty Pragnesh Rohit Pandya Total LTP as buyer (No. of trades) Vaishali Pragnesh Pandya

Source: SecMarx — sebi:ORDER/PM/RR/2019-20/7305. 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.