sebi:SRP/AO-22/2009
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Facts / Headnote
Matter disposed of without penalty; alleged violations not established
Provisions invoked
- s. 15
- s. 12
Regulations
- Reg. 3
Parties
- Gurmukhdas Rameshkumar Giyamalani
Holding
The alleged violations of the Act and SEBI Regulations as specified in the SCN do not stand established against the Noticee and the matter is accordingly disposed of without penalty.
Full text
Page 2 of 6 corner shares from the quota for retail investors in the IPOs of various companies. 4. Gurmukhdas Rameshkumar Giyamalani (hereinafter refereed to as “Noticee”), was prima facie identified as one of the financiers of the master account holders and an ultimate beneficiary of the shares cornered by the key operators in the IPO of IDFC Limited (hereinafter referred to as “IDFC”) during the aforesaid period.
Page 3 of 6 A&E/BS/73959/2006 dated August 9, 2006. The Noticee made further written submissions to the SCN vide letter dated August 28, 2006.
Page 4 of 6 CONSIDERATION OF ISSUES AND FINDINGS 12. In light of the above facts and circumstances of the case the major issues that arise for consideration are :
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Source: SecMarx — sebi:SRP/AO-22/2009. 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.