sebi:EAD-9/SM/3466-3468/31-33/2019-20
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Facts / Headnote
Violation found; joint and several penalty imposed
Provisions invoked
- s. 11B
- s. 15
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 2
- Reg. 3(a)
Parties
- Jayeshkumar Narottamdas Gandhi
- Bharati Jayesh Gandhi
- Deval Jayesh Gandhi
Holding
Noticees violated Regulations 3(a),(b),(c),(d) and 4(1),4(2)(a) and (e) of PFUTP Regulations by manipulating the price of SSTL and creating misleading appearance of trading, and are liable to a penalty of Rs.6,00,000 jointly or severally under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Jayeshkumar Narottamdas Gandhi, Bharati Jayesh Gandhi and Deval Jayesh Gandhi Page 2 of 19
Adjudication Order in respect of Jayeshkumar Narottamdas Gandhi, Bharati Jayesh Gandhi and Deval Jayesh Gandhi Page 3 of 19
Adjudication Order in respect of Jayeshkumar Narottamdas Gandhi, Bharati Jayesh Gandhi and Deval Jayesh Gandhi Page 4 of 19
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Source: SecMarx — sebi:EAD-9/SM/3466-3468/31-33/2019-20. 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.