sebi:WTM/VKC/MIRSD/DPS-I/103/07
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Facts / Headnote
Interim order dated October 17, 2007 withdrawn; sanctions lifted
Provisions invoked
- s. 11B
- s. 11
- s. 11(4)
- s. 19
- s. 12(1)
- s. 12
- s. 11D
Regulations
- Reg. 7
- Reg. 199
- Reg. 3
- Reg. 17(1)
- Reg. 11(1)
- Reg. 21
Parties
- M/s. Joglekar Investment Private Limited
- M/s. Prathmesh Securities Private Limited
- Mr. Madhav Prasad Joglekar
Holding
The Whole Time Member withdrew the interim order dated October 17, 2007 against Mr. Madhav P. Joglekar, M/s. Joglekar Investment Private Limited and M/s. Prathamesh Securities Private Limited, finding that the violations had been rectified, complaints redressed, and affidavits of future compliance filed.
Full text
Page 1 of 15 WTM/VKC/MIRSD/DPS-I/103/07 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA CORAM: MR. V K CHOPRA, WHOLE TIME MEMBER
Page 2 of 15 out trading activities using these shares through JIPL. The profit earned from trading of these shares would be shared between Ms. Lagu and Mr. Joglekar in the ratio of 3:1 subject to the condition that no loss would be borne by Ms. Lagu. In case the transactions resulted in loss, the entire loss would be borne by Mr. Joglekar. Allegedly Ms. Lagu had given the following shares to Mr. Joglekar under the MoU: Table 1 : Shares lent by Mrs Pratibha Lagu to Madhav Prasad Joglekar Sr. No. Scrip Name Quantity
Page 3 of 15 number INS010607831 affiliated with trading member M/s. Latin Manharlal Securities Pvt. Ltd.). JIPL got its registration with SEBI on March 16, 2006 and prior to getting SEBI registration, it was engaged in activities of share investment and investment advisory services through VIPL.
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Source: SecMarx — sebi:WTM/VKC/MIRSD/DPS-I/103/07. 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.