sebi:Order/MC/VS/2018-19/2550-2551
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Facts / Headnote
Penalty imposed under Section 15HA of the SEBI Act for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 3(a)
Parties
- Kalpana Dharmesh Chheda
- Utkarsh Dharmesh Chheda
Holding
The Noticees violated regulations 3(a), (b), (c) and (d) and regulations 4(1) and 4(2)(a) and (e) of the PFUTP Regulations and are liable for monetary penalty under Section 15HA of the SEBI Act.
Full text
Page 2 of 21 SEBI (Prohibition of Fraudulent and Unfair Trading Practices related to Securities Markets) Regulations, 2003 (hereinafter, referred to as “PFUTP Regulations”).
Page 3 of 21 These sell orders of the Noticees accounted for 52 of the 164 market positive LTP trades in the scrip of ZVL. Further, 68 trades out of the 435 trades in the scrip of ZVL during the relevant period were carried out by the Noticees. The details of the abovesaid 52 positive LTP contributing trades are reproduced below:- Sr. No. Date Seller PAN Seller Name Buyer PAN Buyer Name Trade Quantity Sell
Page 4 of 21 19 18.02.2014 AEUPC2888L Kalpana Dharmesh Chheda AFMPM3283Q Hiren Hargovindas Mehta 1000 2000 1000 20 19.02.2014 AEUPC2888L Kalpana Dharmesh Chheda AABPB8187C Ashok Arvindkumar Bhuta 1000 2000 10-2000 21 25.03.2014 AEUPC2888L Kalpana Dharmesh Chheda BDKPS7297D Mamadsha Rahimsha Shekh 5 5 5-15000 22 31.03.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 2 2 18-450 23 01.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 4 4 450 24 02.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AFAPN8764M Prem Lata Nahar 5 5 100-450 25 03.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 5 5 450 26 09.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 4 4 50-100 27 10.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 1 1 50 28 11.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 3 3 50 29 15.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 2 2 10-150 30 16.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 2 2 25 31 17.04.2014 AEUPC2888L Kalpana Dharmesh Chheda AUHPS6431N Pradip Bhimshi Shah 4 4 25 32 15.10.2013 AHEPC7771K Utkarsh Dharmesh Chheda ACDPL9295R Laherchand Shamjibhai Lakhani 1 1 10-1000 33 22.10.2013 AHEPC7771K Utkarsh Dharmesh Chheda ACDPL9295R Laherchand Shamjibhai Lakhani 1 1 100-3500 34 23.10.2013 AHEPC7771K Utkarsh Dharmesh Chheda AAEHJ1610D Jayesh Narendra Kesharia Huf 1 1 10-3000
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Source: SecMarx — sebi:Order/MC/VS/2018-19/2550-2551. 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.