sebi:PB/AO-60/2010
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Facts / Headnote
Violation established; penalty of Rs 50,000 imposed under section 15HA of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 2
- Reg. 47
- Reg. 4(2)(a)
- Reg. 4(2)(g)
- Reg. 4(2)(b)
Parties
- Rajesh Kantilal Shah
Holding
The Noticee, Rajesh Kantilal Shah, was held to have violated regulations 4(1), 4(2)(a), 4(2)(b) and 4(2)(g) of the PFUTP Regulations by engaging in circular, reversal and synchronized trading in the scrip of KRBL through Galaxy Broking Ltd., and a penalty of Rs 50,000 was imposed under section 15HA of the SEBI Act.
Full text
Page 2 of 20 3. The entities found to have been involved in the alleged manipulation and against whom adjudication proceedings were initiated are divided into three groups on the basis of their trading vis-à-vis relationship as under:-
Page 3 of 20 10. Bharati Thakkar Sayyed Mustafa, Prem Prakash Thanvi 11. Uttam Financial Services Own Account 12. Pilot Credit Capital Ltd. Dipak Vyas
Page 4 of 20 7. I find from the records that, the aforesaid SCN was issued to the Noticee at the last known address of the Noticee at 28/30, Baroda Street, Office No. 9, Masjid Bander, Mumbai – 400 009 through Registered AD but the same was returned undelivered with remark “Office always closed”.
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Source: SecMarx — sebi:PB/AO-60/2010. 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.