9911796707
TMI Blog2013 (11) TMI 697X X X X Extracts X X X X X X X X Extracts X X X X ..... lative dealing in shares - Held that:- Adjudicating Officer himself has not found two main charges against the Appellant sustainable. However, Appellant appears to be having some connection with some of the promoter group members and only for this the Appellant has been held to be guilty of violating the law in this regard - No legal infirmity in the order passed by the Respondent against the Appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de Practices relating to Securities Market) Regulations, 2003 (for short FUTP Regulations) under Section 15HA of the SEBI Act, 1992. 2. The SEBI conducted an investigation into buying, selling and dealing in the shares of M/s. T. Spiritual World Ltd., hereinafter referred to as "TSWL", a company listed on the Bombay Stock Exchange and the Calcutta Stock Exchange, for the period from July 12, 200 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cer) Rules, 1995 as to why an inquiry should not be held against him and penalty be not imposed for violating the above said provisions of the FUTP Regulations. On a consideration of the material that was collected during the course of the enquiry and also the reply filed by the appellant, the Adjudicating Officer came to the conclusion that the appellant had violated the aforesaid provisions and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... charges against the Appellant sustainable. However, Appellant appears to be having some connection with some of the promoter group members and only for this the Appellant has been held to be guilty of violating the law in this regard. 6. In this background, we do not see any legal infirmity in the order passed by the Respondent against the Appellant but keeping in view the totality of the facts ..... X X X X Extracts X X X X X X X X Extracts X X X X
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