sebi:WTM/KMA/ERO/IVD/266/06/2010
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Facts / Headnote
Suspension of certificate of registration for six months, set off against prohibition already undergone
Provisions invoked
- s. 19
Regulations
- Reg. 28(2)
- Reg. 4(2)(a)
Parties
- M/s Rajendra Prasad Shah
Holding
The certificate of registration of M/s Rajendra Prasad Shah (Registration No. INB 030054010) was suspended for six months. The suspension was set off against the prohibition already undergone vide orders dated September 29, 2005 and January 12, 2006 till August 11, 2008 and need not be undergone separately.
Full text
Page 2 of 7 Broker Regulations). Thereafter, SEBI, vide an ad-interim ex parte order dated September 29, 2005 inter alia directed various stock brokers, including the stock broker namely, M/s Rajendra Prasad Shah (Member, CSE) not to buy, sell or deal in securities, in any manner, either directly or indirectly, till further
Page 3 of 7 a period of six months. The Enquiry Officer further recommended that the suspension period may be set off against the period of prohibition already undergone by the Broker, in terms of SEBI orders dated September 29, 2005 and January 12, 2006. Pursuant to the submission of the Enquiry Report, a notice dated July 16, 2009 was issued by SEBI to the Broker requiring it to show cause as to why the penalty as recommended by the Enquiry Officer or as
Page 4 of 7 investigation period. The trades of the Broker had accounted for 53.40%, as given below: No. of shares bought % to total buy volume at CSE No. of shares sold % to total sell volume at CSE Total no. of shares % to total buy and sale 93,500 65.05% 60,000 41.74% 1,53,500 53.40%
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Source: SecMarx — sebi:WTM/KMA/ERO/IVD/266/06/2010. 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.