sebi:PM/NR/2020-21/9598
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Facts / Headnote
Violation found; penalty of Rs 5,00,000 imposed
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 3(a)
Parties
- Saira Amanatali Shaikh
Holding
The Noticee violated Regulations 3(a), (b), (c), (d) and Regulations 4(1), 4(2)(a) and (e) of SEBI (PFUTP) Regulations, 2003 and is liable for monetary penalty under Section 15HA of the SEBI Act, 1992. A penalty of Rs 5,00,000 was imposed on Saira Amanatali Shaikh.
Full text
Adjudication Order in respect of Saira Amanatali Shaikh in the matter of Hasti Finance Ltd., Page 2 of 17 * no trading between April 6, 2013 to April 10, 2013 ** no trading between the period April 1, 2014 to April 8, 2014
Adjudication Order in respect of Saira Amanatali Shaikh in the matter of Hasti Finance Ltd., Page 3 of 17 of the provisions of Regulations 3(a), (b), (c), (d),4(1), 4(2)(a) and (e) of SEBI (PFUTP) Regulations.
Adjudication Order in respect of Saira Amanatali Shaikh in the matter of Hasti Finance Ltd., Page 4 of 17 7. In this connection, I would like to refer to the observations of the Hon’ble Securities Appellate Tribunal (SAT) in the matter of Dave Harihar Kirtibhai Vs SEBI (Appeal No. 181 of 214 dated December 19, 2014), wherein the Hon’ble SAT observed as under:
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Source: SecMarx — sebi:PM/NR/2020-21/9598. 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.