sebi:Order/SM/AR/2018-19/1560
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Facts / Headnote
Proceedings disposed of; Noticee exonerated, no penalty imposed
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 3
- Reg. 4
- Reg. 3(a)
Parties
- M/s Nirshilp Securities Private Limited
Holding
The Adjudicating Officer held that the Noticee, M/s Nirshilp Securities Private Limited, did not violate regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and 4(2)(g) of the PFUTP Regulations through self-trades in the scrip of EAL, and is not liable for any monetary penalty under section 15HA of the SEBI Act.
Full text
Page 2 of 12 (b), (c), (d), 4(1), 4(2)(a) and 4 (2)(g) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’). Therefore, adjudication proceedings were initiated against the Noticee under section 15HA of the SEBI Act, 1992 (hereinafter referred to as ‘SEBI Act’). APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 12 b) During the investigation period, the total trading of the Noticee in the scrip of EAL on BSE and National Stock Exchange (hereinafter referred to as ‘NSE’) is given below:
Page 4 of 12 regulations 3 (a), (b), (c) & (d), 4 (1) , 4 (2) (a) & 4 (2) (g) of the PFUTP Regulations. 4. Vide letter dated April 21, 2014, Noticee submitted its reply to the SCN. Briefly, the
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Source: SecMarx — sebi:Order/SM/AR/2018-19/1560. 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.