sebi:ORDER/NH/RJ/2022-23/22686-22687
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Facts / Headnote
Penalties imposed on both Noticees under Section 15HA of the SEBI Act for violations of Section 12A(a), (b), (c) of the SEBI Act and Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 200
- Reg. 4(1)
- Reg. 3(a)
Parties
- MBL & Company Limited (Noticee No. 1)
- Asiatic Portfolio Limited (Noticee No. 2)
Holding
The Noticees violated Section 12A(a), (b), (c) of the SEBI Act and Regulations 3(a)-(d), 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations by repeatedly placing sell orders of minuscule quantities (1-9 shares) below the LTP in the scrip of CMEL during patch 2 of the investigation period, and penalties were imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in the matter of trading activities of certain entities in the scrip of C Mahendra Exports Limited Page 2
Adjudication Order in the matter of trading activities of certain entities in the scrip of C Mahendra Exports Limited Page 3
Adjudication Order in the matter of trading activities of certain entities in the scrip of C Mahendra Exports Limited Page 4
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Source: SecMarx — sebi:ORDER/NH/RJ/2022-23/22686-22687. 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.