sebi:Order/MC/VS/2021-22/14370
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings initiated vide SCN dated 12.08.2010 disposed of; violations not established, no penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
Parties
- Sunil Purohit
Holding
The allegation of violation of Regulations 4(1) and 4(2)(a) and (g) of the PFUTP Regulations by Sunil Purohit was held not established, and the adjudication proceedings were disposed of without penalty.
Full text
Adjudication Order in respect of Sunil Purohit in the matter of Era Constructions (India) Limited Page 2 of 11 Hon’ble Securities Appellate Tribunal (SAT) which remanded the matter to SEBI vide its order dated March 07, 2016.
Adjudication Order in respect of Sunil Purohit in the matter of Era Constructions (India) Limited Page 3 of 11 Bhagwandas Shah (dealing on behalf of Tejas Ghelani), Sanchay Fincom Ltd. (dealing on behalf of the Noticee), Galaxy Broking Ltd. (dealing on behalf of Kapil Bhuptani), ISJ Securities Pvt. Ltd. (dealing on behalf of Vijay Rathod), VSE Stock Services Ltd. (dealing on behalf of Mehul Shah), Ajmera Associates Pvt. Ltd. (dealing on behalf of Manherlal Vora, Pratap Sanghvi and Chetan Mehta), Southern Shares & Stocks Ltd. (dealing on behalf of Chirag Pujara). It was observed that these brokers and clients traded for gross quantity of 46,03,916 shares, bought 23, 18,731 shares (36.56% of total market-buy quantity) and sold 22,85,185 shares (36.03% of market-sell quantity).
Adjudication Order in respect of Sunil Purohit in the matter of Era Constructions (India) Limited Page 4 of 11 Adolf Pinto (13) Connected clients Kenneth Pinto (J4), Gillian Pinto (J5) and Mangera M Sharma MOIO 68445 59565 128010 1.01% ISJ Securities Pvt. Ltd. (799) Vijay Rathod (OC734) 55240 48015 103255 0.81% Pawan J Choudhri (740) OWN 29700 36050 65750 0.52% VSE Stock Services Ltd. (253) Mehul Shah (B668M01) 29555 25240 54795 0.43% Ajmera Associates Pvt. Ltd. (911) Manherlal Vora (Ml 98), Pratap Sanghvi (P176), Chetan Mehta C129 2586 295 2881 0.02% Southern Shares & Stocks Ltd. (182) Chirag Pujara (P203)
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/MC/VS/2021-22/14370. 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.