sebi:WTM/TCN/67/ID5/NOV/08
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Facts / Headnote
Warning imposed on the stock broker
Provisions invoked
- s. 19
- s. 13
Regulations
- Reg. 7
- Reg. 5(1)
- Reg. 13(2)
- Reg. 28(2)
- Reg. 6A
Parties
- Shri Niraj Kumar Balasaria
Holding
The broker, Shri Niraj Kumar Balasaria, was held guilty of violating Section 2(i) and Section 13 of the Securities Contracts (Regulation) Act, 1956 and Clause A(5) of the Code of Conduct under the SEBI (Stock Brokers and Sub-brokers) Regulations, 1992, and a penalty of warning was imposed.
Full text
Page 2 of 9 2. In view of the above, Securities and Exchange Board of India (hereinafter referred to as “SEBI”) conducted investigation into buying, selling and dealing in the scrip of Bombay Dyeing during the period October 1999 - October 2000 vide order dated November 15, 2000.
Page 3 of 9 in Schedule II read with Regulation (7) of SEBI (Stock Brokers and Sub brokers) Regulations, 1992 and Rule 4 of SEBI (Stock Brokers and Sub brokers) Rules, 1992. The Enquiry Officer submitted his report dated September 28, 2004 recommending a suspension of the certificate of registration of the broker for a period of one year.
Page 4 of 9 8. I have carefully considered the investigation report, the Enquiry Report, the show cause notice issued to the broker, the various
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Source: SecMarx — sebi:WTM/TCN/67/ID5/NOV/08. 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.