sebi:WTM/RKA/ISD/03/2013
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Facts / Headnote
Directions issued vide the ad interim ex-parte order dated August 03, 2012 against M/s Ramkripa Securities Pvt. Ltd. confirmed; no intervention called for in vacating or modifying the interim directions.
Provisions invoked
- s. 19
Parties
- M/s Ramkripa Securities Pvt. Ltd.
Holding
The Whole Time Member confirmed the directions issued against M/s Ramkripa Securities Pvt. Ltd. under the ad interim ex-parte order dated August 03, 2012, restraining it from accessing the securities market and from buying, selling or dealing in securities. The noticee failed to make out a prima facie case for revocation or modification of the interim order.
Full text
Page 2 of 7 stock exchanges by the aforesaid companies which could have impacted prices of their shares negatively. 2. In the above background, SEBI, vide an ad interim ex-parte order dated August 03, 2012 (interim order), amongst others restrained M/s Ramkripa Securities Pvt. Ltd. ('noticee') from accessing the securities market and further prohibited it from buying, selling or dealing in securities in any manner whatsoever, till further directions.
Page 3 of 7 iv. During the period from May 11, 2012 to July 26, 2012, the noticee had purchased 86,500 shares and sold 88,500 shares of Glodyne through Basant. On July 26, 2012, it sold 4,000 shares of Glodyne through Basant as stop loss orders in
Page 4 of 7 order further alleges that trading through Networth and Seema, the noticee had sold 21100 shares of Glodyne at BSE during 9:17:03 to 9:23:45. In this regard, it is noted that the noticee had sold 8119 shares through Networth and 12981 shares through Seema at BSE.
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Source: SecMarx — sebi:WTM/RKA/ISD/03/2013. 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.