sebi:PKB/AO-113/2010
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. 2,00,000 imposed under section 15A(a) for non-cooperation; charges of fraudulent and unfair trade practices not established
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15A
- s. 11C
- s. 12
- s. 11C(2)
- s. 11
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 6
- Reg. 8
- Reg. 8(1)
Parties
- Albright Consultants Pvt. Ltd.
Holding
The noticee was not held liable for violating Regulations 3, 4(1), 4(2)(a), (b), (e) and (g) of the FUTP Regulations as the allegation of price manipulation could not be sustained due to absence of identity of counterparty S003, but was held liable for violating Regulation 8(1) of the FUTP Regulations read with sections 11C(2) and (3) of the Act for failure to comply with summons, and a penalty of Rs. 2,00,000 was imposed under section 15A(a).
Full text
________________________________________________________________________________________ Adjudication Order In Respect of Albright Consultants Pvt. Ltd. September 7, 2010 In The Matter of Bolton Properties Ltd.
________________________________________________________________________________________ Adjudication Order In Respect of Albright Consultants Pvt. Ltd. September 7, 2010 In The Matter of Bolton Properties Ltd.
________________________________________________________________________________________ Adjudication Order In Respect of Albright Consultants Pvt. Ltd. September 7, 2010 In The Matter of Bolton Properties Ltd.
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Source: SecMarx — sebi:PKB/AO-113/2010. 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.