sebi:SRP/DA/AO:151/2010
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Facts / Headnote
Charges not established; matter disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 4
- Reg. 4(2)
Parties
- Anushree Tradelink Private Limited
Holding
The alleged violation of regulations 4(2)(a) and 4(2)(e) of the PFUTP Regulations does not stand established against the Noticee and the matter is accordingly disposed of without penalty.
Full text
Page 2 of 22 3. In view of the above, it has been alleged that the Noticee, has violated/contravened the provisions of regulations 4(2) (a) and 4(2) (e) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practice relating to Securities Markets) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”). The alleged violation/contravention of the aforesaid provisions of the PFUTP Regulations, if established, makes the Noticee liable for penalty under section15HA of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’). APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 22 from SEBI that the Noticee has filed consent application and the same has been received at SEBI on December 23, 2009.
Page 4 of 22 • It was not aware of the mode and manner of execution of his orders /trades by the stock broker. • It denied any nexus or common understanding with Srijan Vyapar Ltd. or Swarnganga Trading Pvt. Ltd. or Shelter Vyapar Pvt. Ltd. or Success Vyapar Pvt. Ltd. or Scope Vyapar Pvt. Ltd. while trading in the scrip of SLPL. . • It submitted that for synchronization to happen involvement of the counter party client is must, otherwise synchronization cannot happen. There is nothing on record to suggest that the Noticee is connected to the counter party clients in any manner.
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Source: SecMarx — sebi:SRP/DA/AO:151/2010. 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.