sebi:PB/AO-79/2010
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Facts / Headnote
Violation established; penalty of Rs. 3,50,000 imposed under Section 15HA
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
- Prem Prakash Thanvi
Holding
The Noticee violated regulations 4(1), 4(2)(a), 4(2)(b) and 4(2)(g) of the PFUTP Regulations by executing circular, reversal and synchronized trades in the scrip of KRBL through BTISPL and is liable to monetary penalty under section 15HA of the SEBI Act, with penalty imposed at Rs. 3,50,000.
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 India Securities Pvt. Ltd. Sayyed Mustafa, Prem Prakash Thanvi 11. Uttam Financial Services Own Account 12. Pilot Credit Capital Ltd. Deepak Vyas
Page 4 of 20 7. I find from the records that, the aforesaid SCN was issued through Registered Post with A.D. at “10, S.S. Chanda Chawl, Kabutar Khana, Caves Road, Jogeshwari(E) Mumbai – 400 060” and was signed and acknowledged by the Noticee on April 27, 2009. However, the Noticee did not file any reply to the SCN.
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Source: SecMarx — sebi:PB/AO-79/2010. 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.