sebi:EAD/PM-RR/AO/2019-20/4682-4722
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Facts / Headnote
Noticees found to have violated SEBI PFUTP Regulations, 2003 and SEBI Act provisions as specified in para 2 of the order
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Holding
The Noticees, who were sellers during Patch 1 of the investigation period, were found to have violated the relevant provisions of SEBI PFUTP Regulations, 2003 and SEBI Act by engaging in reversal trades, facilitating synchronised trades, and contributing to price rise in the scrip of Channel Guide (India) Ltd.
Full text
Adjudication Order in the matter of Channel Guide (India) Ltd. (Now known as Iris Mediaworks Ltd.) Page 2 | 73 29 Suketu Rajnikant Jhaveri AACPJ2155R 30 Usha Devi Agarwal AARPA4983B 31 Vinod Kumar Garg ACDPG7986J 32 Manjushree Shrikant Godbole ACHPG2009A 33 Ashadevi Garg ACQPG2756H 34 Mulchand Zaverchand Shah AEQPS8039F 35 Arun Garg AKMPG7482J 36 Ajay Garg AQIPG9207B 37 Naveen Vijay Lewis ABBPL4561D 38 Sangeeta Manish Jain ACNPJ5838L 39 Rakesh Kumar Baderuia AERPB7135C 40 Afzal Shabbir Kochra AGZPK0851G 41 Hetal Mitul Doshi AHKPD9573C
Adjudication Order in the matter of Channel Guide (India) Ltd. (Now known as Iris Mediaworks Ltd.) Page 3 | 73 Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) to inquire into and adjudge under Section 15HA of SEBI Act a) for the alleged violation of the provisions of Regulations 3(a),(b),(c) & (d) and 4(1),4(2)(a),(b), (e ) and (g) of SEBI PFUTP Regulations, 2003 read with section 12 A (a),(b) & (c) of the SEBI Act by Noticee Nos. 1) Manish Rathi, 2) Jitendra Singh, 3) Jaywant Chavan, 4) Sushil Chichani, 7) Suresh Das and 8) Kailash Mishra; and,
Adjudication Order in the matter of Channel Guide (India) Ltd. (Now known as Iris Mediaworks Ltd.) Page 4 | 73 12A(a), (b) & (c) of the SEBI Act by Noticee Nos. 37) Naveen Vijay Lewis, 38) Sangeeta Manish Jain, 39) Rakesh Kumar Baderuia, 40) Afzal Shabbir Kochra and 41) Hetal Mitul Doshi
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Source: SecMarx — sebi:EAD/PM-RR/AO/2019-20/4682-4722. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.