sebi:WTM/TCN/171/IVD2/JAN/09
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Facts / Headnote
Charges not established; proceedings initiated against Shri Nrupesh C. Shah disposed of accordingly
Provisions invoked
- s. 11
Regulations
- Reg. 6(a)
Parties
- Shri Nrupesh C. Shah
Holding
The charges of violation of Regulation 6(a) of the PFUTP Regulations, 1995 against Shri Nrupesh C. Shah were held not established and the proceedings initiated vide show cause notice dated April 25, 2005 were disposed of accordingly.
Full text
Page 2 of 6 2. In view of the above, Securities and Exchange Board of India (hereinafter referred to as “SEBI”) initiated investigation into the buying, selling and dealing in the scrip of AEL during the period January 01, 2001 to March 31, 2002.
Page 3 of 6 seems to have fraudulently issued and dematerialized shares over and above its authorized capital of 2,10,00,000 shares.
Page 4 of 6 7.2 The investigating officer failed to establish his nexus with the persons alleged to have fraudulently issued and dematerialised in excess of authorised capital.
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Source: SecMarx — sebi:WTM/TCN/171/IVD2/JAN/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.