sebi:VSS/AO-112/2009
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Facts / Headnote
Penalty of Rs.75,000 imposed under section 15HA of SEBI Act for violation of PFUTP
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 2
- Reg. 4(2)(a)
- Reg. 4(2)(e)
- Reg. 4(2)(g)
- Reg. 4(2)(b)
Parties
- Manoj Bhatia
Holding
The Noticee Manoj Bhatia violated regulations 4(1), 4(2)(a), (b), (e) and (g) of PFUTP by synchronized trading aiding the promoter-group manipulation in the scrip of ALL, and is liable to penalty of Rs.75,000 under section 15HA of SEBI Act.
Full text
Page 2 of 13 Investments Ltd. (193), Pilot Credit Capital Ltd. (909), S.P.J. Stock Brokers Private Limited (646) and Shailesh M. Nissar (707) {hereinafter collectively referred to as “Group”} dealt in the scrip of ALL allegedly in violation of the provisions of various regulations made under the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”).
Page 3 of 13 SEBI Act for the alleged violation specified in the said SCN. The same was returned undelivered. Consequently, SCN No. EAD-5/VSS/JR/120995/2008 dated March 19, 2008 was issued to the Noticee through SEBI, Northern Regional Office (hereinafter referred to as “NRO”). The SCN was duly received and acknowledged by the Noticee on April 4, 2008.
Page 4 of 13 a) Whether the Noticee had violated regulations 4 (1), 4 (2) (a), (b), (e) and (g) of PFUTP? b) Does the violation/s, if any, on the part of the Noticee attract monetary penalty under sections 15 HA of SEBI Act? c) If so, what would be the monetary penalty that can be imposed taking into consideration the factors mentioned in section 15J of SEBI Act?
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Source: SecMarx — sebi:VSS/AO-112/2009. 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.