Ajmera Associates Ltd.

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty reduced to Rs 50,000 only
Impugned adjudicating officer orders set aside

SAT-appeal

Allegedly aided and abetted client Prashant Narvekar in manipulating price of Highland Industries Ltd. and failed to exercise due diligence/KYC obligations as stock broker.
Appeal partly allowed · Finding of aiding and abetting manipulation set aside
Appeal: Appeal No. 227 of 2009 decided on 12.02.2010 - partly allowed, penalty reduced to Rs 50,000
SAT matter SATV-C4FEDD9C4A457AFDCDA6D3AF
Appeal dismissed as withdrawn to enable appellant to avail other available legal remedy
Appeal: Appeal No. 180 of 2012 with Misc. Application No. 130 of 2012 dismissed as withdrawn on 13.09.2012
Alleged synchronised trading in Advik Laboratories Ltd via clients creating artificial volume/price rise to let promoters offload at higher price.
Impugned AO order dated 03.05.2012 set aside · Appeal No. 141/2012 allowed with no order as to costs
Appeal: Appeal No. 141 of 2012 with Misc. Application No. 79 of 2012 allowed/decided on 21.11.2012
Found guilty of violating PFUTP Regulations, 2003 and Code of Conduct for stock brokers
Appeals No. 33 and 37 of 2009 allowed · Impugned adjudicating officer orders set aside
Appeal: Appeal No. 33 of 2009 with Appeal No. 37 of 2009 allowed and remanded on 19.1.2010

Analyse these matters in Ontology · Plans

Source: SecMarx — Ajmera Associates Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.