sebi:PKB/AO-43/2010
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15
- s. 15J
Regulations
- Reg. 7
- Reg. 3
- Reg. 2
- Reg. 4(2)(a)
- Reg. 4
- Reg. 4(2)
- Reg. 4(2)(b)
Parties
- Ahilya Commercial Pvt. Ltd.
Holding
The noticee violated Regulations 3, 4(1), 4(2)(a), (b), (e), (g), (n), (o) of FUTP Regulations and Clauses A(1)-(5) and B(4)(a) of the Stock Brokers Code of Conduct. A total monetary penalty of Rs. 4,00,000 (Rs. 3,00,000 under Section 15HA and Rs. 1,00,000 under Section 15HB) was imposed on Ahilya Commercial Pvt. Ltd.
Full text
Adjudication Order In Respect of Ahilya Commercial Pvt. Ltd. In The Matter of Oasis Cine Communications Ltd. 31/3/2010 Page 2 of 15 Commercial Pvt. Ltd. (hereinafter referred to as ‘the noticee’) accounted for 79.7% of the total traded volume in the scrip of the company at CSE, during the investigation period. The details of the said transactions are as follows:
Adjudication Order In Respect of Ahilya Commercial Pvt. Ltd. In The Matter of Oasis Cine Communications Ltd. 31/3/2010 Page 3 of 15
Adjudication Order In Respect of Ahilya Commercial Pvt. Ltd. In The Matter of Oasis Cine Communications Ltd. 31/3/2010 Page 4 of 15 (viii) that it had no other relationship with its clients apart from a ‘client- broker relationship’; (ix) that it had charged and received brokerage as entitled under law and that there was no unjust enrichment; (x) that it had always done its job with due skill, care and diligence.
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Source: SecMarx — sebi:PKB/AO-43/2010. 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.