sebi:Order/AA/2022-23/17652-17670
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
The adjudicating officer found violations by multiple noticees concerning market manipulation, off-market transactions, disclosures, and related obligations, and directed payment of monetary penalties within 45 days. The excerpt does not establish a reliable aggregate penalty amount.
Provisions invoked
- s. 15A
- s. 15
- s. 12A
- s. 12
- s. 15H
- s. 13
- s. 16
- s. 15J
- s. 11C
- s. 28A
- s. 18
- s. 23
- s. 23H
- s. 29A
- s. 11C(5)
- s. 19H
- s. 248
- s. 19G
- s. 28
- s. 560
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 7(1)
- Reg. 13
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 199
- Reg. 13(1)
- Reg. 15
- Reg. 4(2)
- Reg. 29(1)
- Reg. 29
- Reg. 1
- Reg. 4(2)(a)
- Reg. 3(a)
- Reg. 7(3)
- Reg. 13(4)
- Reg. 13(5)
- Reg. 29(2)
Holding
The adjudicating officer found that multiple noticees violated provisions governing fraudulent or manipulative trading, off-market transfers, and disclosure obligations. Monetary penalties were imposed, but the excerpt does not reveal a dependable aggregate amount.
Full text
Adjudication order in the matter of Wisec Global Limited Page 2 of 141 below have prima facie violated the following provisions while dealing/trading in the scrip of WGL: Name of Noticees Violations Regulations
Adjudication order in the matter of Wisec Global Limited Page 3 of 141 and incorrect information sought through Summons SEBI Act, 1992
Adjudication order in the matter of Wisec Global Limited Page 4 of 141 Entity at Sr. No. 16 Non disclosures by the entity in respect of acquisition and off- loading of shares of Wisec Global Ltd.
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Source: SecMarx — sebi:Order/AA/2022-23/17652-17670. 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.