sebi:Order/KS/AE/2020-21/10675
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 19
- s. 11(1)
- s. 12A
- s. 15H
- s. 12
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 200
- Reg. 3(a)
Parties
- Kishor V Gandhi HUF
Holding
The Adjudicating Officer held that Kishor V Gandhi HUF violated Regulations 3(a) to (d), 4(1), and 4(2)(a) and (g) of the PFUTP Regulations, 2011 by engaging in synchronized and reversal trading with connected persons, and imposed a penalty of Rs. 2,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Page 2 of 31 Sharma. The period of investigation is from September 1, 2009 to January 15, 2010 (hereinafter referred as “Investigation Period / IP”).
Page 3 of 31 grounds that are permissible in law before the Adjudicating Officer which if raised will be considered and dealt with.” APPOINTMENT OF ADJUDICATING OFFICER
Page 4 of 31 was handed to the ARs on December 27, 2019 and their acknowledgement is on record. 7. From the available records, I note that subsequently the Noticee did not contact the Enforcement Department of SEBI for the inspection of documents. Accordingly, vide Hearing Notice dated September 04, 2020, the Noticee was granted an opportunity of personal hearing on September 17, 2020. Further, vide the said notice, the Noticee was also granted to submit its reply, if any, to the SCN on or before September 11,
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Source: SecMarx — sebi:Order/KS/AE/2020-21/10675. 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.