sebi:PG/AK/AO-59/2012
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs 2,00,000 imposed on the Noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 4(2)
- Reg. 15
- Reg. 2
- Reg. 4(2)(a)
Parties
- Crystal Finstock Private Limited
Holding
The Noticee was held to have violated regulations 4(2)(a) and 4(2)(b) of the PFUTP Regulations and clause A(1) of the Code of Conduct for Sub-brokers, and a total penalty of Rs 2,00,000 was imposed under sections 15HA and 15HB of the SEBI Act.
Full text
Adjudication Order in respect of Crystal Finstock Private Limited in the matter of Popular Estate Management Limited Page 2 of 19 October 25, 2012
Adjudication Order in respect of Crystal Finstock Private Limited in the matter of Popular Estate Management Limited Page 3 of 19 October 25, 2012
Adjudication Order in respect of Crystal Finstock Private Limited in the matter of Popular Estate Management Limited Page 4 of 19 October 25, 2012
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Source: SecMarx — sebi:PG/AK/AO-59/2012. 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.