sebi:ORDER/VV/PSS/2023-24/26096-26104
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 19
- s. 12A
- s. 15H
- s. 15J
- s. 15
- s. 15F
- s. 28A
- s. 560
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 4(a)
- Reg. 200
- Reg. 3(a)
Holding
The order finds that a group of connected entities traded in the scrip of Funny Software Limited through synchronized and matched trades, creating artificial/non-genuine volume and manipulating the Last Traded Price (LTP) and New High Price (NHP) during multiple trading patches.
Full text
Adjudication order in the matter of Trading activities of certain entities in the scrip of Funny Software Limited Page 2 of 45
Adjudication order in the matter of Trading activities of certain entities in the scrip of Funny Software Limited Page 3 of 45
Adjudication order in the matter of Trading activities of certain entities in the scrip of Funny Software Limited Page 4 of 45
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Source: SecMarx — sebi:ORDER/VV/PSS/2023-24/26096-26104. 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.