sebi:Order/MC/HP/2021-22/14368

SEBI · SEBI · 2020-06-26 · Maninder Cheema, Adjudicating Officer

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Facts / Headnote

Allegations of violation of Section 12A(a),(b),(c) of SEBI Act read with Regulation 3(a),(b),(c),(d) and Regulation 4(1), 4(2)(a),(e) of PFUTP Regulations found established against the Noticee

Provisions invoked

• s. 15
• s. 12A
• s. 12
• s. 15H
• s. 15J

Regulations

• Reg. 3
• Reg. 4
• Reg. 4(1)
• Reg. 3(a)

Parties

• Mohan Lal Jain

Holding

The Adjudicating Officer found that the Noticee, along with other entities, created a misleading appearance of trading and manipulated the price of PMC Fincorp Limited shares, thereby violating Section 12A(a),(b),(c) of the SEBI Act read with Regulation 3(a),(b),(c),(d) and Regulation 4(1), 4(2)(a),(e) of the PFUTP Regulations.

Full text

Adjudication Order in the matter of PMC Fincorp Limited Page 2 of 29 APPOINTMENT OF ADJUDICATING OFFICER 2. SEBI appointed the undersigned as Adjudicating Officer (hereinafter referred to as “AO”) under Section15-I of the SEBI Act read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter be referred to as the 'Adjudication Rules'), vide order dated June 26, 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 June 30, 2020.

Adjudication Order in the matter of PMC Fincorp Limited Page 3 of 29 Exchange Ltd (BSE) on March 12, 2012. As per the MCA website, Company’s registered office is at B-10, VIP Colony, Civil Lines, Rampur, Uttar Pradesh.

Adjudication Order in the matter of PMC Fincorp Limited Page 4 of 29 Period Duration Opening Price/ vol on 1st day of period(Rs.) Closing Price/ Vol on last day of period(Rs.) Low Price/Vol during the Period(Rs.) High Price/Vol during the Period(Rs.) Avg no of shares traded daily during the period

Source: SecMarx — sebi:Order/MC/HP/2021-22/14368. 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.