sebi:Order/KS/VB/2019-20/4690-4695
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Facts / Headnote
Noticees held to have violated Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and (e) of PFUTP Regulations and held liable for monetary penalty under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 4(a)
- Reg. 200
- Reg. 3(a)
Parties
- Ever Bright Trading Private Limited (earlier known as Mould Trading Private Limited)
- Prateek Shaileshbhai Patel
- Chintan Bharatbhai Kapadia
- Akshaykumar Aniruddh Pandya
- Keval Chandrakant Shah
- South Asia Portfolios Private Limited
Holding
Noticees 1 to 6 contributed to fraudulent price rise in the scrip of Golden Legand Leasing & Finance Limited by executing minimal-quantity sell orders matching higher-priced buy orders, thereby violating Regulations 3(a)-(d), 4(1), 4(2)(a) & (e) of PFUTP Regulations and attracting monetary penalty under Section 15HA of SEBI Act.
Full text
_________________________________________________________________ Page 2 of 25 on BSE website, the company is listed at BSE Ltd (BSE) however is under suspension for surveillance measures.
_________________________________________________________________ Page 3 of 25 Chart of Price and volume movement at BSE:
_________________________________________________________________ Page 4 of 25 (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules,1995 (hereinafter referred to as ‘Adjudication Rules’) to inquire into and adjudge under the provisions of Section 15HA of SEBI Act, the alleged violation of Regulation 3(a), (b), (c), (d), 4(1), 4(2)(a) and (e) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (hereinafter referred to as "PFUTP Regulations") alleged to have been committed by Noticees in the scrip of Golden Legand Leasing & Finance Limited (hereinafter referred to as "GLLFL/Company")
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Source: SecMarx — sebi:Order/KS/VB/2019-20/4690-4695. 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.