sebi:Order/MC/VS/2019-20/6666
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Facts / Headnote
Proceedings disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Parties
- Amrutleela Commodities
Holding
The allegation that Amrutleela Commodities violated SEBI Circular No. MIRSD/SE/Cir-19/2009 dated December 3, 2009 on settlement of running accounts was not established, and the adjudication proceedings initiated vide SCN dated November 11, 2019 were disposed of without penalty.
Full text
Adjudication Order in respect of Amrutleela Commodities in the matter of Amrutleela Commodities Page 2 of 22 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Amrutleela Commodities in the matter of Amrutleela Commodities Page 3 of 22 comparatively less than the actual amount to be settled. The 9 instances mentioned above are detailed in the following table:- Sr. No. Client Name Amount Settled as per excel sheet provided by broker(in Rs) Date of actual settleme nt Date of sending statement of accounts to client regarding settlement of funds and /or securities Observation 1 INDU BHARAT SHAH 48,501 10/08/17 11/08/17 The actual amount to be settled is Rs 1,57,738.90, however, no entry found in bank statement for settlement 2 JAGRUTI SEVANTILAL SHAH 8,97,284 05/10/17 06/10/17 The actual amount to be settled is Rs 22,23,069.91, however, the amount settled is Rs 9,30,965.45 as per bank statement 3 MAYKA RETAIL PRIVATE LIMITED Rs 49,047 and Rs 29,43,634 (securities) 29/08/17 30/08/17 The actual amount to be settled is Rs 36,21,680, however, no entry found in bank statement for settlement and securities of Rs 29,43,634 settled . 4 NEHA BHAVESH MAIWALA 1,19,965.7 2 23/11/17
Adjudication Order in respect of Amrutleela Commodities in the matter of Amrutleela Commodities Page 4 of 22 8 SHAH CHANDRAKANT HIMATLAL 13,19,054. 84 13/09/17
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Source: SecMarx — sebi:Order/MC/VS/2019-20/6666. 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.