sebi:Order/MC/HP/2020-21/1

SEBI · SEBI · 2018-12-05 · Maninder Cheema, Adjudicating Officer

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

Facts / Headnote

Proceedings disposed of without imposition of penalty

Provisions invoked

Regulations

Parties

Holding

The Adjudicating Officer held that Prabhudas Lilladher Private Limited violated Clauses A (1) and A (2) by accepting orders in the account of M V Ganesan from Lokesh Kapoor without explicit authorisation, but declined to impose penalty under Section 15HB and disposed of the proceedings initiated vide SCN dated December 11, 2019.

Full text

Adjudication Order in respect of Prabhudas Lilladher Private Limited in the matter of trading in the scrip of Zylog Systems Limited Page 2 of 8

Adjudication Order in respect of Prabhudas Lilladher Private Limited in the matter of trading in the scrip of Zylog Systems Limited Page 3 of 8

Adjudication Order in respect of Prabhudas Lilladher Private Limited in the matter of trading in the scrip of Zylog Systems Limited Page 4 of 8

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Source: SecMarx — sebi:Order/MC/HP/2020-21/1. 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.