Home Case Index All Cases Companies Law Companies Law + AT Companies Law - 2013 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (11) TMI 852 - SECURITIES APPELLATE TRIBUNAL, MUMBAIViolation of Regulations 4(2)(a),(b) and (g) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 - Appellants were connected entities and had executed synchronized reversal trades, cross trades executed by Crystal, through its broker - Held that:- No ground to interfere with the impugned order that the Appellants were guilty of violating the FUTP Regulations - However, in consideration to facts and circumstances of case penalty imposed on the appellants is reduced to 50% - Decided partly in favour of appellant.
|