sebi:WTM/GM/EFD-DRA-III/12/MAY/2017
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Facts / Headnote
Warning to exercise caution, care and due diligence; DA recommendation of three-month suspension not accepted
Provisions invoked
- s. 12A
- s. 12
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 3(a)
- Reg. 30
- Reg. 28
- Reg. 24
- Reg. 27
- Reg. 28(1)
Parties
- Shri Parasram Holdings Pvt. Limited
Holding
PHPL was held not to have violated Sections 12A(a), (b) and (c) of the SEBI Act read with Regulations 3 and 4 of the PFUTP Regulations, but to have violated Regulation 7 read with Clause A of Schedule II of the Stock Brokers Regulations, and was warned to exercise caution, care and due diligence in future conduct.
Full text
(from 11845.13 on April 07, 2006 to 10398.61 on May 31, 2006) and Nifty recorded a decrease of 12.89% (from 3525.6 on April 07, 2006 to 3071.05 on May 31,2006).
7. Avisha Credit Capital Ltd. ("Avisha") Shriram Insight Share Brokers Ltd. ("Shriram") 8. ISF Securities Ltd ("ISF") Sam Global Securities Ltd. at BSE and proprietary trades at NSE
Consultant and Ms. Nirali Mehta, Company Secretary from Mindspright Legal and Mr. Vivek Aggarwal, Director, PHPL., and made submissions. The Whole Time Member who had granted the opportunity of personal hearing to PHPL had subsequently demitted office. Consequently, a fresh opportunity of personal hearing to PHPL was granted on January 25, 2017, wherein Mr. Rohan Lav Kumar Shah, Advocate appeared on behalf of PHPL along with Mr. Amit Dey, Advocate from Mindspright Legal and made
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Source: SecMarx — sebi:WTM/GM/EFD-DRA-III/12/MAY/2017. 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.