sebi:VSS/AO-01/2010
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Facts / Headnote
Alleged violations not established; matter disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 7(1)
- Reg. 200
- Reg. 4(2)
- Reg. 3(a)
- Reg. 7(2)
Parties
- Dilip Nabera
- Adhunik Finance Pvt. Ltd.
- Emerging Capital Advisors Ltd.
- Samradha Finstock Pvt. Ltd.
- Sparkline Mercantile Company Pvt. Ltd.
- Mayrose Capfin Pvt. Ltd.
Holding
The alleged violations of PFUTP Regulations 3(a), 4(2)(e) and SAST Regulations 7(1) and 7(2) by the Noticees were not established, and the matter was accordingly disposed of without penalty.
Full text
Page 2 of 18 lock-in for a period of one year out of which 33.48 lakh shares, held by the promoters were locked-in for 3 years.
Page 3 of 18 Companies”) had nexus amongst themselves and traded in the scrip of AL and manipulated the market. (c) AL mis-used the funds raised by preferential issue of convertible warrants.
Page 4 of 18 6. The undersigned was appointed as Adjudicating Officer vide order dated September 4, 2008 under section 15 I of the SEBI Act read with rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalty by Adjudicating Officer) Rules, 1995 (hereinafter referred to as the ‘Rules’) to inquire into and adjudge under section 15HA and 15A(b) of the SEBI Act.
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Source: SecMarx — sebi:VSS/AO-01/2010. 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.