sebi:SD/AO/68/2009
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticee held guilty and penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 2(1)(c)
- Reg. 3(a)
Parties
- Jitendra Bharambe
Holding
Jitendra Bharambe was held guilty of violating Regulation 3(a) of the PFUTP Regulations for producing false contract notes and a penalty of Rs. 5,00,000/- under Section 15HA of the SEBI Act was imposed.
Full text
Page 2 of 8 fraudulent manner. The activities of these entities facilitated the creation of artificial volumes and influenced the scrip price of FTEL in the securities market.
Page 3 of 8 any, in support of contentions, failing which the matter shall be proceeded on the basis of the material available on record.
Page 4 of 8 10. I have carefully perused the charges made against the Noticee in the show cause notice, the submissions of the Noticee and other documents available on record.
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Source: SecMarx — sebi:SD/AO/68/2009. 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.