sebi:Order/MC/HP/2021-2022/12835-12844
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Facts / Headnote
Violation found; penalty of Rs.5,00,000 each on Noticees 1 to 10 imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Dhirajbhai Baladevji Thakor
- Pinesh Nareshkumar Shah
- Rakesh Champakbhai Patel
- Bhagavatiben Vishnubhai Patel
- Vinod Solanki
- Jasmin Indu Shah
- Ramanlal Ravchand Shah
- Babulal Hansraj Lakhani
- Bharti Sharma
- Mahendrabhai Naranbhai Patel
Holding
Noticees 1 to 10 violated Regulation 3(a),(b),(c),(d) and Regulation 4(1) and 4(2)(a) of PFUTP Regulations by executing non-genuine reversal trades creating artificial volume in Ram Minerals and Chemicals Limited, and each is liable to monetary penalty of Rs.5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in the matter of Ram Minerals and Chemicals Limited Page 2 of 13 9. Bharti Sharma (PAN: CZTPS4626L) having address at – D76 Shiv Ram Park Manglo Dumaraudin Nagar Nangloi, Delhi - 110041
Adjudication Order in the matter of Ram Minerals and Chemicals Limited Page 3 of 13 Noticees. 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 4 of 13 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.
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Source: SecMarx — sebi:Order/MC/HP/2021-2022/12835-12844. 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.