December 02, 2008
PR No. 276/2008
Consent order on the application submitted by R.S.S. Investments Pvt. Ltd. in the matter of Order Book Manipulation
In matter of Order Book Manipulation it was observed that the prices of few scrips saw a sudden spurt because of the abnormally large orders of shares placed at prices much below prevailing market prices portraying misleading appearance of market in these shares.
A Panel consisting of Whole Time Members, SEBI, Dr. T.C.Nair, and Shri M.S.Sahoo, has passed consent orders dated November 28, 2008, on the application of consent submitted by R.S.S. Investments Pvt. Ltd. in the matter of Order Book Manipulation, in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs.2,00,000/- (Rupees two lakh only) towards the terms of consent in the matter.
Mumbai
December 02, 2008
|