sebi:Order/BM/GN/2023-24/28598-28602
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Facts / Headnote
Violations established; penalty imposed on Noticees (amount not specified in excerpt)
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 200
- Reg. 4(2)
- Reg. 3(a)
- Reg. 20
- Reg. 12A
Parties
- Noticee 1 (Satsai Finlease Pvt Ltd)
- Noticee 2 (Anm Fincap Pvt Ltd)
- Noticee 3
- Noticee 4
- Noticee 5 (Ishu Sharma)
Holding
The Noticees were found to have violated Section 12A(a), (b) and (c) of the SEBI Act, 1992 read with Regulations 3(a)-(d) and 4(1), 4(2)(a), (b) and (d) of the PFUTP Regulations through interconnected trading, synchronized trades, and manipulation of Last Trade Price in the scrip of AKG Exim Limited. Penalty under Section 15HA was imposed commensurate with the lapse.
Full text
Adjudication Order in the matter of trading activities of certain entities in the scrip of AKG Exim Limited Page 2 of 49
Adjudication Order in the matter of trading activities of certain entities in the scrip of AKG Exim Limited Page 3 of 49
Adjudication Order in the matter of trading activities of certain entities in the scrip of AKG Exim Limited Page 4 of 49
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Source: SecMarx — sebi:Order/BM/GN/2023-24/28598-28602. 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.