sebi:WTM/GA/42/IVD/1/06
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 11
- s. 19
- s. 11(1)
- s. 11(4)
- s. 11B
- s. 15A
Regulations
- Reg. 7
Holding
SEBI prima facie found artificial price movement and false market in the six scrips and passed ad interim ex-parte order dated September 29, 2005 under Sections 11(1), 11(4) and 11B pending formal investigation.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ ORDER UNDER SECTIONS 11B AND 11(4) OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 IN THE MATTER OF (1) PRIME CAPITAL MARKET LTD., (2) SUBH LAXMI PROJECTS LTD., (3) GLOBAL CAPITAL MARKET LTD., (4) BANKAM INVESTMENTS LTD., (5) S. T. SERVICES LTD. AND (6) AMLUCKIE INVESTMENT CO. LTD. WTM/GA/42/IVD/1/06
Sl No Name of the broker Cross and Matched transactions D B & Co Sanju Kabra Shivam Stock Broking 1 D B & Co 1511702 (99.5%) 3100 (0.2) 3000 (0.2) 2 Sanju Kabra 3100 (0.2) 316400 (29.2) 740250 (68.4) 3 Shivam Stock Broking 3000 (0.3) 740250 (96.2) 25600 (3.3) (significant percentages shown in bold)
Sl. Name of the broker Sanju Kabra A V Shares & Stock Brokers Pvt Ltd. Shivam Stock Broking 1 Sanju Kabra ---- 894800 (58.7%) 568800 (37.3%) 2 A V Shares & Stock Brokers Pvt Ltd. 894800 (80.3%) --- ---- 3 Shivam Stock Broking 568800 (99.94%) ---- ---- (significant percentages shown in bold)
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/GA/42/IVD/1/06. 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.