sebi:SD/AO/77/2010
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Facts / Headnote
Penalty of Rs. 7,00,000 imposed on Noticee
Provisions invoked
- s. 15H
- s. 15J
- s. 15
Regulations
- Reg. 4
- Reg. 3
Parties
- Shri Dharmendra Thapa
Holding
The Noticee violated Regulations 4(1) and 4(2)(a), (b), (e) and (g) of the PFUTP Regulations and is liable to monetary penalty under Section 15HA of the SEBI Act, and a penalty of Rs. 7,00,000 was imposed.
Full text
Page 2 of 10 3. It was alleged that one of the entities, viz., Shri Dharmendra Thapa (hereinafter referred to as “Noticee”), client of M/s Ruchiraj Shares and Stock Brokers Ltd., violated the provisions of regulations 4 (1), 4 (2) (a),(b), (e) and (g) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Markets) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”) and therefore, liable for monetary penalty under section 15HA of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”).
Page 3 of 10 alleged to have been committed by him. The said notice has been duly delivered at the address of the Noticee and the acknowledgment for the same is on record.
Page 4 of 10 charges alleged against them in the show-cause notice were admitted by them”. However, in order to pass a speaking order, the undersigned is going to analyse the evidence and allegations against the Noticee.
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Source: SecMarx — sebi:SD/AO/77/2010. 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.