sebi:WTM/VKC/ID-7/15/06
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 11
- s. 11(4)
- s. 11B
Regulations
- Reg. 4
- Reg. 11
- Reg. 3
Parties
- M/s Cyberspace Limited
Holding
The Whole Time Member found that M/s Cyberspace Ltd. (Noticee) and its promoters along with other associated/related/connected entities were mainly responsible for creating artificial volumes in the scrip of the Noticee.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ Ordera against M/s Cyberspace Limited Nov 23, 2006 | Orders : Orders of Chairman/Members SECURITIES AND EXCHANGE BOARD OF INDIA CORAM: V.K CHOPRA, WHOLE TIME MEMBER WTM/VKC/ID-7/15/06
Sipra Education Career Foundation Pvt Ltd., Calculus Soft Tel Pvt Ltd, Delta Investments, Kamal Infosys, Neelam Consultancy and Rosewood Tradelinks Pvt Ltd are related and traded in with the funds provided by Noticee, CCL and its promoters. 3.6 I find that the Noticee and its promoters along with other associated/related/connected entities were mainly responsible for creating artificial volumes in the scrip. The table bringing out the among the said entities and the Noticee and CCL is given below:
3.7 The details of dealings of these entities in the scrip of Noticee both at BSE and NSE during the priod of investigation are given in the table below:
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/VKC/ID-7/15/06. 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.