sebi:Order/AA/MG/2019-20/7315
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Facts / Headnote
Charges established; 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 Kaushik Rajnikant Mehta
Holding
The Adjudicating Officer found that the Noticee, Shri Kaushik Rajnikant Mehta, traded in collusion with other Walmiki Shah Group entities in the scrip of Well Pack Papers & Containers Limited, creating artificial volume and manipulating prices, thereby contravening Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a), (b) & (g) of the PFUTP Regulations, and imposed a penalty under section 15HA of the SEBI Act.
Full text
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 2 of 27
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 3 of 27
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 4 of 27
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Source: SecMarx — sebi:Order/AA/MG/2019-20/7315. 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.