sebi:WTM/SR/EFD/25/03/2017

SEBI · SEBI · 2011-02-02 · S. Raman, Whole Time Member

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Interim Order dated February 2, 2011 read with Confirmatory Order dated July 8, 2011 revoked with immediate effect against the four named entities/persons

Provisions invoked

Parties

Holding

The Interim Order dated February 2, 2011 read with the Confirmatory Order dated July 8, 2011 shall stand revoked with immediate effect against Gemstone Investments Limited, Shri Avinash Bothra, Shri Vipul Hiralal Shah and Smt Aditi M. Gandhi.

Full text

Page 2 of 4 iii. The increase in the traded volumes and price of shares in the scrips of the aforementioned companies, were as under –

Page 3 of 4 1.6 It is noted that the Adjudication proceedings against Gemstones Investment; Shri Avinash Bothra; Shri Vipul Hiralal Shah and Smt Aditi M. Gandhi have been completed and Adjudication Orders have been passed by the concerned Adjudication Officer. Further, the penalties imposed vide the said Adjudication Orders have been realised by SEBI. Details of the Adjudication proceedings initiated against the aforementioned four entity/persons, viz. is as under –

Page 4 of 4 ii. The Interim Order dated February 2, 2011, against the following persons shall stand revoked with immediate effect –

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Source: SecMarx — sebi:WTM/SR/EFD/25/03/2017. 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.