sebi:WTM/RKA/MIRSD/104/2014
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Facts / Headnote
Restrained Shri Balaji Investments, its proprietor Mr. Manaklal Panpaliya and Mr. Sanjay Rathi from buying, selling or dealing in the securities market in any manner whatsoever or accessing the securities market directly or indirectly until further orders
Provisions invoked
- s. 19
- s. 13
- s. 12A
Parties
- Shri Balaji Investments
- Mr. Manaklal Panpaliya
- Mr. Sanjay Rathi
Holding
SEBI by ex-parte order restrained Shri Balaji Investments, its proprietor Mr. Manaklal Panpaliya and dealer Mr. Sanjay Rathi from buying, selling or dealing in or accessing the securities market until further orders.
Full text
Order in the matter of Shri Balaji Investments Page 2 of 5 the following: (a) Balaji is registered with BSE in the equity segment and with NSE in the equity as well as F&O segment as an Authorised Person in terms of the SEBI circular MIRSD/DR- 1/Cir-16/09 dated November 06, 2009. The registration details of Balaji are as under:
Order in the matter of Shri Balaji Investments Page 3 of 5 the settlements for such transactions were being done in cash. (h) Mr. Manaklal Panpaliya and Angel were not aware about these trading activities.
Order in the matter of Shri Balaji Investments Page 4 of 5 Contracts in derivative. 18A. Notwithstanding anything contained in any other law for the time being in force, contracts in derivative shall be legal and valid if such contracts are - (a) traded on a recognised stock exchange; (b) settled on the clearing house of the recognised stock exchange, in accordance with the rules and bye-laws of such stock exchange.
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Source: SecMarx — sebi:WTM/RKA/MIRSD/104/2014. 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.