sebi:EAD-7/BJD/NJMR/2018-19/1979-2006
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15J
- s. 23I
- s. 23J
- s. 23
- s. 23E
- s. 21
- s. 23A
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 13
- Reg. 11
- Reg. 12(1)
- Reg. 2(1)(c)
- Reg. 12
- Reg. 13(3)
- Reg. 8
- Reg. 200
- Reg. 29
- Reg. 3(a)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 22
- Reg. 10
- Reg. 17
- Reg. 18
- Reg. 20
Holding
The Adjudicating Officer concluded that Exelon Infrastructure Ltd. and its six Directors acted together as a group to formulate a manipulative scheme to increase the price of the scrip by submitting misleading corporate announcements to the Stock Exchange, thereby violating Regulation 3(a),(b),(c),(d), 4(2)(k) and (r) of the SEBI (PFUTP) Regulations, 2003, and that Noticee-1 violated Clause 35 of the Listing Agreement read with Section 21 of SCRA by not submitting the shareholding pattern for the quarter ended December 2014 to September 2015.
Full text
Adjudication Order in the matter of Exelon Infrastructure Ltd., Page 2 of 102 11. M Vishnuvardhan Rao (PAN: ABYPM0993M) 54-16-8/17, Loyola Gardens PO: Polytechnic Vijayawada – 520010.
Adjudication Order in the matter of Exelon Infrastructure Ltd., Page 3 of 102 27. Manish Ratilal Shah (PAN: AZMPS2291J) 2, Mahavir Flats Shahpur Chakla, Shahpur Ahmedabad – 380001.
Adjudication Order in the matter of Exelon Infrastructure Ltd., Page 4 of 102 1 to 28 and the corresponding violations of respective Regulations, which are alleged to have been committed by the Noticees, are furnished hereunder.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:EAD-7/BJD/NJMR/2018-19/1979-2006. 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.