sebi:PB/AO-09/2011
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Facts / Headnote
Charges not established; matter disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 4(2)(a)
Holding
The alleged violation of regulations 4(2)(a), 4(2)(b) and 4(2)(g) of the PFUTP Regulations by the Noticee, as specified in the SCN dated September 07, 2010, does not stand established and the matter is accordingly disposed of.
Full text
Page 2 of 9 Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”). APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 9 other. They have got their separate legal entity. Hence it is not justifiable for covering all persons in the concept of Group. As against the allegation of purchase and sale of shares and earnings from share I wish to submit that, I have purchased, sold the shares of J.K. Agri Genetics Ltd. from M/s Religare Securities Ltd. (formerly known as India Bulls Securities Ltd.) during your investigation period………………………... • ………………………………..I have got my separate legal entity and no any relation with the persons grouped by you for investigation. On purchase side I accounted only for four days and on sale side accounted for 7 days through M/s Religare Securities Ltd……………………………………….. • ………………………………..The persons grouped by you might be active in sale and purchase of shares during April 2007 to June 2007, but I myself have not made any transaction of sale and purchase of scrips from J.K. Agri Genetics Ltd. during the said period. Hence, the allegation made by you against me is not sustainable……………………………….. • ………………………I have not made any transaction of share during the investigation period which amounted to 106911 shares and out of which 69660 synchronized. Simultaneously, I am also not having any share transaction during the period April 12, 2007 to June 29, 2007. Hence, the allegation made against me is not sustainable………………………… • ……………………………..I have not purchased or sold any scrip of J.K. Agri Genetics Ltd. during the period June 22, 2007 to July 13, 2007. Since, I am not re
Page 4 of 9 opportunity was given to the Noticee on January 20, 2011. The Noticee vide e-mail dated January 20, 2011 inter-alia stated that he did not wish to avail of the hearing opportunity.
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Source: SecMarx — sebi:PB/AO-09/2011. 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.