sebi:EAD-2/AO/50/2012
Facts / Headnote
Allegations not established; matter disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15I
Regulations relied on
- SEBI (PFUTP) Regulations, 2003
Holding
The allegations of violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) & (e) of the PFUTP Regulations against the Noticee do not stand established, and the adjudication matter is accordingly disposed of without penalty.
Full text
Page 2 of 8 to TSWL and to each other one way or the other, had dealt in the scrip of TSWL in a fraudulent and manipulative manner during the period under investigation that created false and misleading appearance of trading, artificial volume and price manipulation in the scrip.
Page 3 of 8 Pvt. Ltd., Manjula Jain, Umesh Kumar Thaker, Care & Cure International Ltd., SIL Leasing & Ind. Fin. (P) Ltd. and Vikas Bengani, connected to TSWL and to each other one way or the other by way of common telephone numbers, addresses, off-market transactions etc., had dealt in the scrip of TSWL in a fraudulent and manipulative manner during the period under investigation.
Page 4 of 8 Floor, 63B, Princess Street, Mumbai-400 002. Umesh Thaker transferred shares to Jinprabhu Securities Pvt. Ltd. and SIL Leasing in June 2005. During June, 2005 to August, 2005 (which is after the period of investigation), Champion Tie-up Services Pvt. Ltd. (one of the persons acting in concert with the promoters of TSWL) transferred shares to Vikas Bengani and Jinprabhu Securities Pvt. Ltd.
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Source: SecMarx — sebi:EAD-2/AO/50/2012. 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.