sebi:Order/MC/HP/2020-21/9897-9975
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 15,00,000 imposed upon Noticees 1 to 78
Provisions invoked
- s. 11
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15J
Regulations
- Reg. 11
- Reg. 3
- Reg. 3(a)
- Reg. 3(c)
- Reg. 76
Holding
The Adjudicating Officer held Noticees 1 to 78 liable for trading among themselves through synchronized trades creating artificial volume in the scrip of Viji Finance Limited and imposed a penalty of Rs. 15,00,000 under Section 15HA read with Section 15J.
Full text
Adjudication Order in the matter of trading activities of certain entities in the scrip of Viji Finance Limited Page 2 of 69
Adjudication Order in the matter of trading activities of certain entities in the scrip of Viji Finance Limited Page 3 of 69
Adjudication Order in the matter of trading activities of certain entities in the scrip of Viji Finance Limited Page 4 of 69
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Source: SecMarx — sebi:Order/MC/HP/2020-21/9897-9975. 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.