M/s. Opee Stock Link Ltd.
Penalties and directions recorded
- SEBI WTM order restrained Ashok K. Bagrecha from dealing in securities for two additional years.
- Opee Stock Link was directed to disgorge Rs.12,02,302 plus 10% annual interest.
- Ashok K. Bagrecha was directed to disgorge Rs.2,24,280 plus 10% annual interest.
SAT-appeal
- Alleged cornering of Jet Airways IPO retail-category shares through 553 benami/fictitious demat accounts, followed by off-market transfers and profitable market sales, violating Section 12A and PFUTP Regulations 3 and 4(1).Appeal No. 20 of 2009 was heard with Appeals 16 to 19 of 2009 and disposed of by common order. · SEBI WTM order restrained Opee Stock Link from dealing in securities for one additional year.Appeal: Appeal No. 20 of 2009, decided 30 December 2009; common order also disposed of Appeals 16 to 19 of 2009.
- SAT matter SATV-633464530967016B6C909467Same order as in Appeal No. 20 of 2009 decided on 30.12.2009Appeal: Appeal No. 18 of 2009 decided on 30.12.2009
Source: SecMarx — M/s. Opee Stock Link 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.