sebi:Order/AA/MG/2020-21/7585
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Facts / Headnote
Penalty imposed on the Noticee under Section 15HA of the SEBI Act for violation 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 Sashikant Keshavlal Shah
Holding
The Adjudicating Officer imposed a penalty of Rs. 5,00,000 on Shri Sashikant Keshavlal Shah for creating artificial volume in the scrip of Well Pack Papers & Containers Limited through synchronized trades, self-trades, and trading among connected group entities (WSG 1 & 2) during the investigation periods.
Full text
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 2 of 25
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 3 of 25
________________________________________________________________________ In the matter of Well Pack Papers & Containers Limited Page 4 of 25
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Source: SecMarx — sebi:Order/AA/MG/2020-21/7585. 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.