sebi:ORDER/SRP/MCS/2018-19/1582
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 12A
- s. 15H
- s. 15J
- s. 15F
Regulations
- Reg. 4
- Reg. 3
- Reg. 200
- Reg. 3(a)
Parties
- Ms. Anjana Bangad
Holding
The Noticee, Ms. Anjana Bangad, along with Group Entities, indulged in synchronized trades in the scrip of Kaveri Seed Company Limited (KSCL), creating artificial volume and misleading appearance of trading, in violation of Regulations 3(a), (b), (c), 4(1) and 4(2)(a) of the PFUTP Regulations, and a penalty of Rs. 7,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in the matter of Kaveri Seed Company Limited Page 2 of 26 Sl. No. Name of the entities who allegedly executed synchronized trades in the scrip of KSCL (Group Entities)
Adjudication Order in the matter of Kaveri Seed Company Limited Page 3 of 26 APPOINTMENT OF ADJUDICATING OFFICER 3. Initially, in the matter, Shri Biju S. was appointed as the Adjudicating Officer by SEBI. Subsequently, the undersigned has been appointed as the Adjudicating Officer by SEBI on July 06, 2018 to inquire into and adjudge under Section 15HA of the SEBI Act for the violations alleged to have been committed by the Noticee.
Adjudication Order in the matter of Kaveri Seed Company Limited Page 4 of 26 Consultants Limited and she has done trading as per the Rules and Regulations of the Stock Exchanges.
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Source: SecMarx — sebi:ORDER/SRP/MCS/2018-19/1582. 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.