Jagruti Securities Limited

SAT-appeal

• Promoters allegedly offloaded holdings via off-market transfers concealing identity to escape exchange surveillance with cartel assistance, and Rajendra/Jagruti Parikh failed to disclose >2% change and director holdings under Reg 13.
  Impugned adjudication findings holding appellants guilty under FUTP Regulations held unsustainable as beyond show cause notice · Findings vitiated for reliance on undisclosed investigation report, price-volume data, BSE/NSE reports, depository data and press article in violation of natural justice
• SAT matter SATV-7E279ED41E012D73A992C4CE
  Disposed in same terms as Appeal No. 44 of 2009 decided on 21.1.2010
  Appeal: Appeal No. 43 of 2009 decided on 21.1.2010 - disposed vide same order as Appeal No. 44 of 2009
• Non-payment of outstanding broker fee as registered stockbroker leading to suspension of certificate of registration.
  Impugned WTM order dated October 29, 2009 set aside qua the two appellants · Case remitted to whole time member to pass fresh order in accordance with law after supplying enquiry report and hearing representation
  Appeal: Appeal Nos. 239 and 241 of 2009 allowed and remanded by SAT order dated 17.2.2010