sebi:EAD/SR/SM/AO/58/2017-18
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee for violations of PIT Regulations, 1992 and PFUTP Regulations, 2003
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 13
- Reg. 4(1)
- Reg. 4(a)
- Reg. 3(a)
- Reg. 4(2)(a)
- Reg. 4(2)(e)
Parties
- Ms. Runali Vikram Patel
Holding
The Noticee violated regulation 13(2A) and regulation 13(4A) read with 13(5) of PIT Regulations, 1992 by failing to make timely disclosures as a promoter, and violated regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(a) and 4(2)(e) of PFUTP Regulations, 2003 by trading in concert with other Group-I entities contributing to negative LTP, new low price, and first trades resulting in price fall and artificial volume. A total penalty of Rs. 3,00,000 was imposed.
Full text
Adjudication Order in respect of Ms. Runali Vikram Patel in the matter of Popular Estate Management Limited Page 2 of 22
Adjudication Order in respect of Ms. Runali Vikram Patel in the matter of Popular Estate Management Limited Page 3 of 22
Adjudication Order in respect of Ms. Runali Vikram Patel in the matter of Popular Estate Management Limited Page 4 of 22
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Source: SecMarx — sebi:EAD/SR/SM/AO/58/2017-18. 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.