sebi:Order/AA/MG/2019-20/7114
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Facts / Headnote
Findings against Noticee on connection to WSG 1 & 2 entities and alleged PFUTP violations; final disposition not stated in extract
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)
Parties
- Well Pack Papers & Containers Limited
- Noticee (individual, name not specified in extract)
Holding
The Noticee is found to be connected to the WSG 1 & 2 entities through off market share transfers, and the WSG 1 entities are found to have contributed significant volume in the scrip of Well Pack during the first investigation period, supporting the alleged violations of Regulations 3(a)-(d), 4(1) and 4(2)(a),(b),(e),(g) of the PFUTP Regulations.
Full text
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 2 of 33
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 3 of 33
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 4 of 33
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Source: SecMarx — sebi:Order/AA/MG/2019-20/7114. 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.