sebi:EAD/SR/SM/AO/63/2017-18
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations, 2003
Provisions invoked
- 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. Komal Priyesh Patel
Holding
The Noticee, Ms. Komal Priyesh Patel, along with other Group-I entities, violated regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations, 2003 by trading among themselves and contributing to negative LTP, new low price, and first trades that created artificial volume and price manipulation in the scrip of Popular Estate Management Limited. A penalty of Rs. 1,00,000 was imposed under section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Ms. Komal Priyesh Patel in the matter of Popular Estate Management Limited Page 2 of 18
Adjudication Order in respect of Ms. Komal Priyesh Patel in the matter of Popular Estate Management Limited Page 3 of 18
Adjudication Order in respect of Ms. Komal Priyesh Patel in the matter of Popular Estate Management Limited Page 4 of 18
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Source: SecMarx — sebi:EAD/SR/SM/AO/63/2017-18. 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.