sebi:SD/AO/20/2008
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation not established; matter disposed of without penalty
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 4
Parties
- Gurdeep Singh Chadha (HUF)
Holding
The alleged violation of Regulation 4 (2) (a) & (e) of the PFUTP Regulations, 2003 by Gurdeep Singh Chadha (HUF) was not established and the matter was disposed of without imposition of penalty under Section 15HA of the SEBI Act.
Full text
Page 2 of 11 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, Gurdeep 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 14 23/12/04 2000 19 BUY 38000 15 23/12/04 1000 19 BUY 19000 16 23/12/04 2000 19.1 BUY 38200 17 23/12/04 2000 19.1 BUY 38200 18 23/12/04 1500 19.1 BUY 28650 19 23/12/04 500 19.1 BUY 9550 20 23/12/04 2000 19.1 BUY 38200 21 23/12/04 500 19.1 BUY 9550 22 27/12/04 3500 18.15 BUY 63525 23 27/12/04 1500 18.15 BUY 27225 24 27/12/04 2000 18.15 BUY 36300 25 27/12/04 3000 18.15 BUY 54450 26 27/12/04 6500 18.2 BUY 118300 27 27/12/04 3500 18.2 BUY 63700 28 27/12/04 2900 18.25 BUY 52925 29 28/12/04 5000 18.3 BUY 91500 30 28/12/04 5000 18.3 BUY 91500 31 28/12/04 2000 18.35 BUY 36700 32 28/12/04 600 18.35 BUY 11010
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:SD/AO/20/2008. 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.