sebi:WTM/AB/EFD-1/DRA-4/05/2021-22
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Facts / Headnote
SCN dated November 18, 2019 disposed without any directions
Provisions invoked
- s. 19
Regulations
- Reg. 3
Parties
- Minal Bharat Patel
- Ruchit Bharat Patel
- Prashant Jayantilal Patel
- Pat Financial Consultants Pvt. Ltd.
- Acira Consultancy Pvt. Ltd.
- Hridaynath Consultancy Pvt. Ltd.
- Moneybee Realty Pvt. Ltd.
Holding
The SCN against Noticee nos. 1 to 7 alleging synchronized trades creating misleading appearance of trading in Transpek Industry Ltd. was disposed without any directions, holding no violation of PFUTP Regulations was established.
Full text
Final Order in the matter of Transpek Industry Ltd. Page 1 of 18 WTM/ AB /EFD-1/DRA-4 /05/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA FINAL ORDER Under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992
Final Order in the matter of Transpek Industry Ltd. Page 2 of 18 4 (1), 4 (2) (a) and (g) of SEBI (PFUTP) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations, 2003”).
Final Order in the matter of Transpek Industry Ltd. Page 3 of 18 2.6. From the above table, it was observed that Pat Financial Consultants Pvt. Ltd. (Noticee no. 4) was the top buy client and Minal Bharat Patel (Noticee no. 1) is the top sell client (10% of buy and 13.59% sell of total market) at BSE. 2.7. Trading of Bharat Patel Group (BSE): Summary of trading by the Bharat Patel Group during the investigation period is tabulated below:
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Source: SecMarx — sebi:WTM/AB/EFD-1/DRA-4/05/2021-22. 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.