sebi:PKB/AO-67/2010
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed for failure to furnish information; charges of fraudulent and unfair trade practices not established
Provisions invoked
- s. 11
- s. 15
- s. 15H
- s. 15J
- s. 15A
- s. 12
- s. 11C(2)
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 6
- Reg. 8
- Reg. 8(1)
- Reg. 4(2)(o)
Parties
- Swaranganga Trading Pvt. Ltd.
Holding
The Noticee was held liable for violating Regulation 8(1) of the PFUTP Regulations read with sections 11C(2) and (3) of the SEBI Act for failing to furnish information in response to SEBI's summons, and a penalty of Rs. 3,00,000 was imposed under section 15A(a). However, it was not conclusively established that the Noticee violated Regulations 3, 4(1), 4(2)(a), (b), (e), (g) or 4(2)(o) of the PFUTP Regulations.
Full text
Adjudication Order in respect of Swaranganga Trading Pvt. Ltd. in the matter of M/s. Twenty First Century (India) Ltd. Page 2 of 21 May 24, 2010 traded 14635447 shares of the Company which formed 74.4% of the total market volume (19674448 shares) during the Investigation Period.
Adjudication Order in respect of Swaranganga Trading Pvt. Ltd. in the matter of M/s. Twenty First Century (India) Ltd. Page 3 of 21 May 24, 2010 Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Adjudication Rules”), calling upon the Noticee to show cause why inquiry should not be held against the Noticee under Rule 4(3) of the Adjudication Rules for the alleged violations.
Adjudication Order in respect of Swaranganga Trading Pvt. Ltd. in the matter of M/s. Twenty First Century (India) Ltd. Page 4 of 21 May 24, 2010 November 24, 2008 though not signed is from the Noticee only which may be
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:PKB/AO-67/2010. 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.