sebi:Order/MC/HP/2021-2022/12404
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Facts / Headnote
Violation established; penalty of Rs.5,00,000 imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Jai Ambe Foils Limited, currently known as Filtus Infrastructure Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d) and 4(1) of PFUTP Regulations by creating false market depth through large-scale order placement and deletion, and is liable under Section 15HA of the SEBI Act; a penalty of Rs.5,00,000 was imposed.
Full text
Adjudication Order in the matter of Ram Minerals and Chemicals Limited Page 2 of 10 (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter be referred to as the 'Adjudication Rules'), vide order dated August 21, 2020 to inquire into and adjudge under section 15HA of the SEBI Act, the aforesaid alleged violations against the Noticee. The appointment of the AO was communicated vide order dated August 27, 2020.
Adjudication Order in the matter of Ram Minerals and Chemicals Limited Page 3 of 10 6. It was observed that during the said period, price of the scrip in BSE moved from Rs. 109 to Rs. 102.15 registering a decrease of Rs. 6.85 (6.28%). The scrip price closed at Rs. 0.75 in BSE on July 26, 2019.
Adjudication Order in the matter of Ram Minerals and Chemicals Limited Page 4 of 10 Buy Client Name Total %age of Trd Vol Sell Client Name Total %age of Trd Vol Top 10 Buy Clients 2029205 51.17 Top 10 Sell Clients 2123438 53.55 Remaining Clients 1936439 48.83 Remaining Clients 1842206 46.45 Total Traded Volume 3965644 100.00% Total Traded Volume 3965644 100.00
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Source: SecMarx — sebi:Order/MC/HP/2021-2022/12404. 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.