sebi:EAD-3/JS/GSS/2030-2041/2018-19
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Facts / Headnote
Penalties totaling Rs 1,40,00,000 imposed on ten noticees for violation of PFUTP Regulations; proceedings against Ms. Geeta Dilip Vyas and Mr. Rrajevv Dililp Vyas not proceeded with.
Provisions invoked
- s. 15A
- s. 15
- s. 12A
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 156(3)
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- M/s. Sangam Agro Agencies P. Ltd.
- M/s. Miatru Agro Marketing
- Mr. Devang Vyas
- Mr. Rajiv C Gandhi
- Ms. Geeta Dilip Vyas
- Mr. Ritesh Popli
- M/s. Pawantar Agro Agencies P. Ltd
- Mr. Rrajevv Dililp Vyas
- Mr. Paresh C Doshi
- Mr. Sumit Popli
- Ms. Himmatlal Jethalal Lakhani
- Shailesh Shah
Holding
Ten noticees violated Section 12A(a),(b),(c) of SEBI Act read with Regulations 3(a),(b),(c),(d), 4(1), 4(2)(a) and (g) of PFUTP Regulations, 2003 by executing matched trades creating artificial volume and false appearance of trading in Le Waterina Resort and Hotels Ltd, and were penalized under Section 15HA; proceedings against Ms. Geeta Dilip Vyas and Mr. Rrajevv Dililp Vyas were dropped.
Full text
Adjudication Order No. EAD-3/JS/GSS/2030-2041 /2018-19 Adjudication order in the matter of Le Waterina Resorts & Hotels 2
Adjudication Order No. EAD-3/JS/GSS/2030-2041 /2018-19 Adjudication order in the matter of Le Waterina Resorts & Hotels 3
Adjudication Order No. EAD-3/JS/GSS/2030-2041 /2018-19 Adjudication order in the matter of Le Waterina Resorts & Hotels 4
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Source: SecMarx — sebi:EAD-3/JS/GSS/2030-2041/2018-19. 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.