Shankar Sharma's 1-yr trading ban with effect March 19: SAT
Published on Fri, Mar 19, 2010 at 15:09 | Source : CNBC-TV18
Updated at Mon, Mar 22, 2010 at 16:17
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Shankar Sharma's 1-yr trading ban with effect March 19: SAT
The Securities Appellate Tribunal (SAT) has dismissed the review application of Shankar Sharma, reports CNBC-TV18's Ashwin Mohan. The revision application indicated factual mistake in the SAT order.
The Securities Appellate Tribunal (SAT) has dismissed the review application of Shankar Sharma, reports CNBC-TV18's Ashwin Mohan. The revision application indicated factual mistake in the SAT order.
The order has upheld the Securities Exchange Board of India's (SEBI) one-year trading ban on Shankar Sharma. The market regulator had banned Sharma for alleged synchronized trading.
The Supreme Court too had dismissed Sharma's appeal in February 2010. SAT in its ruling has said the one-year trading ban on Sharma is effective from today onwards.
