sebi:Order/SM/DD/2021-22/15035

SEBI · SEBI · 2010-06-30 · Soma Majumder, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings initiated vide SCN dated May 14, 2008 disposed of without penalty; violations held not established

Provisions invoked

• s. 19
• s. 15H
• s. 15I

Regulations

• Reg. 3
• Reg. 4
• Reg. 4(1)

Parties

• Sunil Kumar Purohit

Holding

The adjudication proceedings initiated against Sunil Kumar Purohit vide SCN bearing Ref. No. A&E/BS/ASG/125626/2008 dated May 14, 2008 are disposed of, holding that violation of Regulations 4(1), 4(2)(a), (b) and (g) of PFUTP Regulations was not established.

Full text

Adjudication Order in respect of Sunil Kumar Purohit in the matter of K.Sera Sera Production Limited Page 2 of 13 Adjudicating Officer) Rules, 1995 (hereinafter referred to as ‘Adjudication Rules’) to show cause as to why an inquiry should not be held and penalty be not imposed under Section 15HA of the SEBI Act for the alleged violations of Regulations 4(1), 4(2)(a), 4(2)(b) and 4(2)(g) of PFUTP Regulations by them.

Adjudication Order in respect of Sunil Kumar Purohit in the matter of K.Sera Sera Production Limited Page 3 of 13 pass fresh order on merits and in accordance with the law. All contentions of both parties are kept open”

Adjudication Order in respect of Sunil Kumar Purohit in the matter of K.Sera Sera Production Limited Page 4 of 13 brokers appearing in the list of top ten brokers on gross purchases basis also appear as top brokers in gross sales basis. The details of the concentration among various entities are stated below:-

Source: SecMarx — sebi:Order/SM/DD/2021-22/15035. 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.