sebi:PKK/AO/139/2010
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. 1,00,000 imposed on the Noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
Parties
- M/s. Sicorp Finlease Ltd.
Holding
The Noticee violated Regulations 3(a),(b),(c),(d), 4(1) and 4(2)(a),(b),(d),(e)&(g) of the PFUTP Regulations, 2003 and is liable for monetary penalty under Section 15HA of the SEBI Act. A penalty of Rs. 1,00,000 was imposed on the Noticee.
Full text
Page 2 of 11 scrip of FTEL increased from ` 13.16/- to ` 58.05/- witnessing a sharp increase of 341% in just six months.
Page 3 of 11 provisions of the SEBI Act. Consequent to Mrs. Rayudu being sent on deputation, Mr. Sandeep Deore was appointed as the AO vide SEBI Order dated November 23, 2007. SEBI vide Order dated August 17, 2010 appointed the undersigned as the AO in the instant matter subsequent to the transfer of Mr. Deore to the Enforcement Department.
Page 4 of 11 provisions of Regulations 3 (a), (b), (c), (d) 4(1), 4(2) (a), (b), (d), (e)& (g) of the PFUTP Regulations.
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Source: SecMarx — sebi:PKK/AO/139/2010. 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.