sebi:PG/AO-61/2010
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Facts / Headnote
Penalty of Rs. 2,00,000 imposed on the Noticee
Provisions invoked
- s. 15H
- s. 15J
- s. 15
Regulations
- Reg. 4
- Reg. 4(a)
- Reg. 3
- Reg. 4(1)
- Reg. 4(b)
- Reg. 2
- Reg. 4(c)
- Reg. 4(d)
Parties
- Shrawankumar Goyal
Holding
The Noticee violated regulations 4(a), (b), (c) and (d) of PFUTP Regulations, 1995 read with regulation 4(1), 4(2)(a), (b) and (g) of PFUTP Regulations, 2003 by executing synchronized circular/reversal trades in REL shares, and a penalty of Rs.2,00,000 under Section 15HA of SEBI Act was imposed.
Full text
Page 2 of 26 2. Analysis of Price Volume data: ¾ First Period: (September 2002-February 2003): At BSE, price of the scrip opened at `89.00 on September 02, 2002 and moved in a narrow range and closed at `70.00 on January 09, 2003. In the month of September 2002 and October 2002, the scrip was traded for 14 days and 21 days. In the months of November and December 2002, trading took place only on two days and four days respectively. Later in January 2003, except for one day, there was no trading in the scrip till 15/1/2003.
Page 3 of 26 scrip was around 25,000 shares during the said period. Total volume executed at BSE and NSE was 16.50 lacs and 11.18 lacs shares respectively.
Page 4 of 26 2007. Consequent upon the transfer of Mr. V. Sundaresan, the undersigned was appointed as Adjudicating Officer vide order dated November 12, 2009. SHOW CAUSE NOTICE, HEARING AND REPLY
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Source: SecMarx — sebi:PG/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.