sebi:Order/MC/HP/2021-22/14602-14652
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated August 31, 2017 and SSCN dated July 05, 2019 disposed of without penalty; violations not established
Provisions invoked
- s. 15H
- s. 15J
Regulations
- Reg. 4(1)
- Reg. 3(a)
Holding
The allegations that the 51 Noticees manipulated the price of Nikki Global Finance Limited in violation of Regulation 3(a),(b),(c),(d) and Regulation 4(1), 4(2)(a) and (e) of PFUTP Regulations are not established, and the adjudication proceedings are disposed of without penalty.
Full text
Adjudication Order in the matter of Nikki Global Finance Limited Page 2 of 24 12. Arun Kumar (PAN: AARPS2631L) having address at - D 151 East Of Kailash, New Delhi, 110065
Adjudication Order in the matter of Nikki Global Finance Limited Page 3 of 24 26. Sagar Net Mart P Ltd (PAN: AAMCS8585R) having address at - 17/11 The Mall, Kanpur, Uttar Pradesh, 208001
Adjudication Order in the matter of Nikki Global Finance Limited Page 4 of 24 41. Samtal Financial System Ltd (PAN : AAKCS6185K) having address at - 78, Kalitala Road, Kalikapur, 3rd Floor, Above SBI Kalikapur Branch, Kolkata, West Bengal – 700078
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Source: SecMarx — sebi:Order/MC/HP/2021-22/14602-14652. 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.