sebi:WTM/PS/IVD/ID-2/17/NOV/09
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Facts / Headnote
Show cause notice issued to Smt. Rekha Vakharia disposed of without passing any order against her
Provisions invoked
- s. 11
Regulations
- Reg. 11
- Reg. 4
- Reg. 200
Parties
- Smt. Rekha Vakharia
Holding
The show cause notice issued to Smt. Rekha Vakharia was disposed of without passing any order against her, as the SCN was never served upon her.
Full text
Page 2 of 4 entity in the group. These entities mostly entered into transactions which had resulted into nil delivery at the end of the settlements. It was, therefore, alleged that the aforesaid connected / related clients including the noticee had influenced the price of the scrip by creating artificial volumes in the market in violation of Regulation 4 (a), (b), (c) & (d) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Markets) Regulations, 1995.
Page 3 of 4 has been dispatched to Raxaben(Rekhaben) Harshadbhai Vakharia 5th Floor, Old Godijini Chawl, Paidhuni, Bombay September 12, 2006 SEBI sent notice of hearing to Rekha Vakharia 5th Floor, Old Godijini Chawl, Paidhuni, Mumbai
Page 4 of 4 9. In the instant case also, it appears that Shri Shirish Shah, being the kingpin, has used the name of Smt. Rekha Vakharia for his ulterior motive and has replied through the advocate on behalf of her.
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Source: SecMarx — sebi:WTM/PS/IVD/ID-2/17/NOV/09. 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.