sebi:ORDER/PM/RR/2019-20/7323

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

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Facts / Headnote

Adjudication proceedings disposed of without penalty; allegations held not established

Provisions invoked

• s. 15
• s. 12A
• s. 15H
• s. 15J

Regulations

• Reg. 3
• Reg. 3(a)

Parties

• Hinal L Mistry

Holding

The Adjudicating Officer held that violation 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 PFUTP Regulations by Hinal L Mistry was not established and disposed of the proceedings without imposing penalty.

Full text

Adjudication Order against Hinal L Mistry in the matter of Alexander Stamps and Coin Limited Page 2 | 12 into and 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 Hinal L Mistry in the matter of Alexander Stamps and Coin Limited Page 3 | 12 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 are related based on common Phone number and Address.  Entities number 6 and 7 are related based on common Email id, mobile number and Address.  Ent

Adjudication Order against Hinal L Mistry in the matter of Alexander Stamps and Coin Limited Page 4 | 12 d) It was observed that, during March 23, 2015 to May 11, 2015, the Noticee and 4 other suspected entities namely, Vaishali Pragnesh Pandya and Lokesh N Mistry, Darshanna Bhavesh Pandya and Satish Korogappa Shetty traded among themselves and contributed to negative LTP. Summary of trades by these entities is given below: Buyer Seller Lokesh N Mistry Hinal L Mistry Vaishali Pragnesh Pandya Satish Korogappa Shetty Darshanna Bhavesh Pandya Total LTP as seller (No. of Lokesh N Mistry

Source: SecMarx — sebi:ORDER/PM/RR/2019-20/7323. 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.