sebi:Order/VV/AK/2022-23/17499-17521
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Provisions invoked
- s. 15
- s. 12
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 28A
- s. 24
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 200
- Reg. 2
- Reg. 3(a)
Holding
The Adjudicating Officer found the Noticees connected to each other and to the Company, and held that charges of fraudulent and unfair trade practices were established against Noticees who did not reply to the SCN (presumed admission), while proceedings against Noticee No. 11 were abated. The order addresses whether the Noticees violated Sections 12A(a), (b), (c) of the SEBI Act and Regulations 3 and 4 of the PFUTP Regulations, 2003.
Full text
Adjudication order with respect to 23 entities Page 2 of 61 in the matter of Sunstar Realty Development Limited BACKGROUND 1. An investigation was conducted by Securities and Exchange Board of India (for convenience “SEBI”) into the trading activities in the scrip of Sunstar Realty Development Limited (for convenience “Sunstar / Company”) for the period of November 26, 2013 to June 03, 2015 (for convenience “Investigation Period”) to ascertain possible violation, if any, of the provisions of Securities and Exchange Board of India Act, 1992 (for convenience “SEBI Act, 1992”) and rules and regulations made thereunder.
Adjudication order with respect to 23 entities Page 3 of 61 in the matter of Sunstar Realty Development Limited Patches Period Designation Open High Low Close Avg. Traded Volume 31/12/2014
Adjudication order with respect to 23 entities Page 4 of 61 in the matter of Sunstar Realty Development Limited During the investigation, on analysis of the price and trade movement in the scrip, inter alia, following has been observed:
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