sebi:PB/AO-61/2010
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations; matter proceeded ex-parte.
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 2
- Reg. 47
- Reg. 4(2)(g)
- Reg. 4(2)(b)
Parties
- Dilip Vakharia
Holding
The Noticee, Dilip Vakharia, was found to have violated regulations 4(1), 4(2)(a), 4(2)(b) and 4(2)(g) of the PFUTP Regulations by engaging in synchronized, circular and reversal trading in the scrip of KRBL through DPS Shares & Securities Ltd., and a penalty of Rs. 2,25,000/- 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 Real Building, B.D. Marg, Mumbai – 400 0007 through Registered AD but the same was returned undelivered. Another attempt was made to deliver the SCN to the Noticee through DPS Shares & Securities Ltd., Member BSE (hereinafter referred to as “DPS”) of whose, Noticee was a client vide letter dated May 17,
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Source: SecMarx — sebi:PB/AO-61/2010. 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.