sebi:Order/MC/HP/2021-22/14591-14594
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Facts / Headnote
Penalty of Rs. 5,00,000 imposed on Noticee 1 (Golden Chariot Recreations Pvt. Ltd.) for 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.
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 4(2)(e)
Parties
- Golden Chariot Recreations Pvt. Ltd. (Noticee 1)
- Anju Dewan (Noticee 2)
- Noticee 3
- Veena Jain (Noticee 4)
Holding
Noticee 1 (Golden Chariot Recreations Pvt. Ltd.) was found to have aided connected entities in manipulating the price of PMC Fincorp Limited scrip by providing liquidity on the sell side and acting as counterparty to their trades, and was penalized Rs. 5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in the matter of PMC Fincorp Limited Page 2 of 35 (PMC/Company/Scrip) for the period from March 29, 2012 to March 31, 2015 (IP/investigation period). The Noticees 1 to 4 are collectively referred to as 'Noticees/You'.
Adjudication Order in the matter of PMC Fincorp Limited Page 3 of 35 Arranger, Distribution & Marketing of Financial Products and Dealing & Investment in Stock Market. The company offered its shares in Indian Capital Market through an IPO in the year 1988. The shares of company were listed on UP Stock Exchange Ltd (UPSE) and subsequently got listed on Bombay Stock 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 35 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 07/02/2013 – 19/03/2013 Volume 32331 1505 12543 (20/02/2013) 468416 (14/03/2013) Patch 3 20/03/2013- 12/03/2014 Price (in Rs.) 103 807.75 99.55 (20/03/2013) 848.90 (10/03/2014) 25353 Volume 453379 29393 1 (02/04/2013) 524490 (21/03/2013)
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Source: SecMarx — sebi:Order/MC/HP/2021-22/14591-14594. 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.