sebi:WTM/PS/20/IVD/ID-6/NOV/2012
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Facts / Headnote
Charges dropped for lack of evidence; ex-parte interim Order dated August 30, 2011 as confirmed on April 04, 2012 vacated with immediate effect; pay-outs ordered to be released
Provisions invoked
- s. 19
Parties
- Hemaliben Bimalkumar Mehta
- Charuben Jitendrarai Mehta
- Bhavana Gautambhai Vaghasiya
Holding
The ex-parte interim Order dated August 30, 2011 as confirmed vide Order dated April 04, 2012 against Hemaliben Bimalkumar Mehta, Charuben Jitendrarai Mehta and Bhavana Gautambhai Vaghasiya is vacated with immediate effect and charges are dropped. BSE and NSE shall forthwith release pay-outs of securities and funds withheld for trades on August 29, 2011.
Full text
Page 2 of 4 spurt in volumes in the shares of the Company noticed in the stock exchanges, NSE and BSE were advised by the Securities and Exchange Board of India ("SEBI") to analyse the trading pattern in the scrip and submit reports.
Page 3 of 4 persons mentioned therein, pursuant to hearing them and recording their submissions, in due compliance with the principles of natural justice.
Page 4 of 4 parte interim Order dated August 30, 2011 and confirmed vide Order dated April 04, 2012, is hereby vacated with immediate effect.
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Source: SecMarx — sebi:WTM/PS/20/IVD/ID-6/NOV/2012. 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.