sebi:SD/AO/19/2008
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Facts / Headnote
Alleged violation not established; matter disposed of
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 4
Parties
- Hardeep Singh Chadha (HUF)
Holding
The alleged violation of Regulation 4(2)(a) and (e) of the PFUTP Regulations, 2003 by the Noticee Hardeep Singh Chadha (HUF) was not established, and the matter was disposed of without imposition of any penalty.
Full text
Page 2 of 11 ‘SEBI Act’) read with Rule 3 of SEBI (Procedure for holding Inquiry and Imposing Penalty by Adjudicating Officer) Rules, 1995 (hereinafter referred to as the ‘Adjudication Rules’) to inquire into and adjudge under Section 15HA of the SEBI Act, the alleged violation of the provisions of Regulation 4 (2) (a) & (e) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (hereinafter referred to as the ‘PFUTP Regulations, 2003’) by, inter alia, Hardeep Singh Chadha (HUF).
Page 3 of 11 Whether the Noticee has violated Regulation 4 (2) (a) & (e) of the PFUTP Regulations, 2003. 7. Before proceeding to decide the above issue, it is important to have a look at the abovementioned provisions as they existed at the relevant time. The same are reproduced below.
Page 4 of 11 13 22/12/04 10000 18.55 BUY 185500 14 22/12/04 5000 18.6 BUY 93000 15 22/12/04 800 18.6 BUY 14880 16 04/01/05 100 19.55 BUY 1955
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Source: SecMarx — sebi:SD/AO/19/2008. 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.