sebi:Order/AA/MG/2019-20/6919
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Facts / Headnote
Penalty imposed on the Noticee for contravention of PFUTP Regulations
Provisions invoked
- s. 15
- s. 11B
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 4(2)(e)
Parties
- Shri Santosh Maruti Patil
Holding
The Noticee, Shri Santosh Maruti Patil, was found to have contravened Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a), (b) & (g) of the PFUTP Regulations by indulging in manipulative trades creating artificial volume in the scrip of Spectacle Industries Limited, and a penalty of Rs. 3,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
________________________________________________________________________ In the matter of Spectacle Industries Limited Page 2 of 24 (now known as Spectacle Ventures Limited)
________________________________________________________________________ In the matter of Spectacle Industries Limited Page 3 of 24 (now known as Spectacle Ventures Limited)
________________________________________________________________________ In the matter of Spectacle Industries Limited Page 4 of 24 (now known as Spectacle Ventures Limited)
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Source: SecMarx — sebi:Order/AA/MG/2019-20/6919. 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.