sebi:Order/KS/VC/2019-20/7162
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Facts / Headnote
Show cause notice disposed of; no violation found, no penalty imposed
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Shailesh Lalman Ojha
Holding
The Adjudicating Officer held that the Noticee, Shailesh Lalman Ojha, did not manipulate the price of RGL scrip through his 4 sell trades of 18 shares during Patch 1, and therefore did not violate Section 12A(a), (b), (c) of the SEBI Act read with Regulations 3(a)-(d) and 4(1), 4(2)(a), (e) of the PFUTP Regulations. No penalty was imposed.
Full text
Page 2 of 19 Chandigarh as well as from Financial Intelligence Unit. Based on these data, SEBI conducted investigation in the trading in the scrip of RGL for the period of February 27, 2012 to March 24, 2014 (hereinafter referred to as ‘Investigation Period’/‘IP’) to ascertain whether there were any violations of the provisions of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”) and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”) by certain entities.
Page 3 of 19 adjudge under the provisions of Section 15HA of the SEBI Act, the alleged violations of the relevant provisions of SEBI Act read with PFUTP Regulations by the Noticee. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING:
Page 4 of 19 Period Dates Opening Price & Vol. on first day of the period (Rs) Closing price & vol. on last day of the period (Rs.) Low price & vol. (date) during the period (Rs.) High price & vol. (date) during the period (Rs.) Avg. no. of (shares) traded daily during the period. Patch 1 (Pre-Split price rise) (27/02/2012- 28/01/2013) Price 3.2 241.35 3.2 (27/02/2012) 241.35 (28/01/2013) 98.76 Vol
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Source: SecMarx — sebi:Order/KS/VC/2019-20/7162. 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.