sebi:JS/DJ/2018-19/2027-2028
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Facts / Headnote
Noticees found to have violated PFUTP Regulations 2003 and Stock Brokers and Sub-Brokers Regulations 1992; monetary penalty attracted under Sections 15HA and 15HB of SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 15I(1)
Regulations
- Reg. 7
- Reg. 199
- Reg. 3
- Reg. 6
- Reg. 200
- Reg. 3(a)
- Reg. 9
Parties
- Nirshilp Commodities and Trading Pvt Ltd
- Shailesh Shah Securities Pvt Ltd
Holding
The Adjudicating Officer found that Nirshilp Commodities and Trading Pvt Ltd and Shailesh Shah Securities Pvt Ltd manipulated the price of the scrip of Denso (India) Ltd at BSE, violating Regulations 3(a)-(d) and 4(1), 4(2)(a),(b),(e),(g) of the PFUTP Regulations 2003, and that Shailesh Shah Securities also failed to exercise due skill and care under Clause A(2) of the Code of Conduct for Stock Brokers, attracting penalties under Sections 15HA and 15HB of the SEBI Act.
Full text
Adjudication Order in respect of Nirshilp Commodities and Trading Pvt Ltd and Shailesh Shah Securities Pvt Ltd in the matter of Denso (India) Ltd
Adjudication Order in respect of Nirshilp Commodities and Trading Pvt Ltd and Shailesh Shah Securities Pvt Ltd in the matter of Denso (India) Ltd
Adjudication Order in respect of Nirshilp Commodities and Trading Pvt Ltd and Shailesh Shah Securities Pvt Ltd in the matter of Denso (India) Ltd
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Source: SecMarx — sebi:JS/DJ/2018-19/2027-2028. 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.