sebi:WTM/VKC/IVD/ID8/115/07
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Facts / Headnote
Six noticees restrained from buying, selling or dealing in securities for six months; proceedings against deceased Haresh Soni abated.
Provisions invoked
- s. 11
- s. 19
Regulations
- Reg. 11
- Reg. 3
- Reg. 4(1)
- Reg. 200
Parties
- Nimesh Chitalia
- Ajodhyabhai Kabra
- Sanjay Soni
- Anita Soni
- Jayesh C. Shah
- Durga Drug Agency (Proprietor: Krupaben Soni)
- Haresh Soni
Holding
The noticees were found to have violated Regulation 4(1), 4(2)(a), (b) and (g) of the SEBI (PFUTP) Regulations, 2003 by engaging in circular, reversal and synchronized trading in the scrip of Vijay Textiles Ltd., and were directed not to buy, sell or deal in securities for a period of six months.
Full text
2 ORDER (UNDER REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003 READ WITH SECTION 11, 11B AND 11(4) OF THE SEBI ACT, 1992)
3 the average daily volume was 343 shares. During the same period price increased from Rs. 136.65 (Opening price) to Rs. 166 (Closing price), a rise of 21.48%.
4 show cause notice could not be delivered to them, but the notice was affixed at the clients last known address. I have also noted that one of the said clients Haresh Soni expired in April 2005, as per the information given by Galaxy Booking Ltd. vide letter dated November 28, 2006.
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Source: SecMarx — sebi:WTM/VKC/IVD/ID8/115/07. 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.