sebi:PKB/AO-89/2010
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-compliance of summons; no violation found under PFUTP Regulations and no penalty under Section 15HA
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 11C(6)
- s. 11C
- s. 11C(3)
- s. 11C(5)
Regulations
- Reg. 4(1)
Parties
- Deepak D Vyas
Holding
The Noticee violated Section 11C(3) and 11C(5) by failing to comply with summonses dated April 28, 2005 and May 09, 2005 and is liable to Rs. 2,00,000 penalty under Section 15A(a); the Noticee was not found guilty of violating Regulation 4(1), (2)(a), (b) and (g) of the PFUTP Regulations, 2003.
Full text
Adjudication Order in respect of Deepak D Vyas in the matter of Oasis Media Matrix Ltd. Page 2 of 16 July 06, 2010 3. It was further observed that the scrip of the company was trading at a very low price range of Rs. 0.45/- to Rs. 3/- and the daily average volume during the investigation period was 14,78,856 shares. Broker Galaxy Broking Limited (hereinafter refereed to as “GBL”) had a concentration of 25.88% in gross purchases and 30.01% in gross sales. Broker NCJ Share & Stock Brokers Limited (hereinafter referred to as “NCJ”) had concentration of 12.16% in gross purchases and 13.74% in gross sales.
Adjudication Order in respect of Deepak D Vyas in the matter of Oasis Media Matrix Ltd. Page 3 of 16 July 06, 2010 and to submit information. However, the Noticee neither submitted any information nor appeared before the IA.
Adjudication Order in respect of Deepak D Vyas in the matter of Oasis Media Matrix Ltd. Page 4 of 16 July 06, 2010 APPOINTMENT OF ADJUDICATING OFFICER
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-89/2010. 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.