sebi:PM/NK/21/2017-18
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings disposed of upon settlement
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- Centillion Capital Private Limited (Formerly known as Pelf Finstock Limited)
Holding
The adjudication proceedings initiated against the Applicant vide Show Cause Notice A&E/EAD/PM-NK/18629/2017 dated August 7, 2017 are disposed of in terms of Regulation 15(1) upon payment of Rs. 3,50,000 towards settlement charges without admission of facts and conclusions of law.
Full text
brokers on the buy side and sell side were the same. The details of self-trades of the entities mentioned above are as per the table below: On NSE: Client Name Broker Name
misleading appearance of trading in the securities market and such transactions are carried out without intention of change of ownership of the security and may or may not result into price manipulation. It is observed that the Noticee had acted as brokers to the self-trades of their clients during the investigation period.
ii. the Applicant breaches any of the clauses/conditions of undertakings/waivers filed during the current settlement proceedings.
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Source: SecMarx — sebi:PM/NK/21/2017-18. 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.