sebi:Order/MC/HP/2021-22/14010-14020
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 3(a)
Holding
The order records allegations that 11 Noticees and connected entities created a misleading appearance of trading and manipulated the price of PMC Fincorp Limited scrip, violating Section 12A(a),(b),(c) of the SEBI Act read with Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a),(e) of the PFUTP Regulations. The Noticees' defences (insignificant trading volume, no connection with connected entities, off-market transactions not per se illegal) are recorded but no final disposition or penalty is stated in the excerpt provided.
Full text
Adjudication Order in the matter of PMC Fincorp Limited Page 2 of 54 11. Parnami Capital Services Limited (Now known as Centillion Insurance Brokers Ltd) (PAN: AADCP8770A) having address at - F-99, Prashant Vihar, Delhi - 110085
Adjudication Order in the matter of PMC Fincorp Limited Page 3 of 54 26, 2020 to inquire into and adjudge under section 15HA of the SEBI Act, the aforesaid alleged violations against the Noticees. The appointment of the AO was communicated vide order dated June 30, 2020.
Adjudication Order in the matter of PMC Fincorp Limited Page 4 of 54 Sl. No. Name Designation Date of Appointment Date of Cessation
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/MC/HP/2021-22/14010-14020. 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.