sebi:PKB/AO-101/2010
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. 25,00,000 imposed on the noticee for violation of Regulations 3(a), (b), (c), (d) and 4(1) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003.
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
Parties
- Jaitra Estate Holdings Pvt. Ltd.
Holding
The noticee, Jaitra Estate Holdings Pvt. Ltd., violated Regulations 3(a), (b), (c), (d) and 4(1) of the FUTP Regulations, 2003 by acting as a conduit for offloading shares of Soundcraft Industries Ltd. after the price was artificially inflated, and is liable for a penalty of Rs. 25,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order In Respect of Jaitra Estate Holdings Pvt. Ltd. August 11, 2010 In the Matter of Soundcraft Industries Ltd.
Adjudication Order In Respect of Jaitra Estate Holdings Pvt. Ltd. August 11, 2010 In the Matter of Soundcraft Industries Ltd.
Adjudication Order In Respect of Jaitra Estate Holdings Pvt. Ltd. August 11, 2010 In the Matter of Soundcraft Industries Ltd.
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Source: SecMarx — sebi:PKB/AO-101/2010. 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.