sebi:Order/MC/HP/2021-22/14803-14812
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Facts / Headnote
Violation established; penalty of Rs.5,00,000 each imposed on Noticees 1 to 10
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Santosh Kumar Agarwal
- Success Vyapar Private Limited
- Priyanshi Securities Limited
- Adinath Shares And Commodities Private Limited
- Anant Fin Consultancy Pvt Ltd
- Kamta Prasad Pandey
- Raj Kumar Agarwal
- Rishi Kant Awasthi
- Surendra Kumar Gupta
- Rita Jain
Holding
Noticees 1 to 10 violated Regulation 3(a), (c) and Regulation 4(1), 4(2)(a) and (e) of PFUTP Regulations by manipulative trading contributing to price rise in Patch-1, 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 Nikki Global Finance Limited Page 2 of 48 In the matter of Nikki Global Finance Limited
Adjudication Order in the matter of Nikki Global Finance Limited Page 3 of 48 SHOW CAUSE NOTICE, REPLY AND HEARING 3. Show Cause Notice No. SEBI/HO/EAD-8/JS/DJ/OW/P/20697-1/1/2017 dated August 31, 2017 and Supplementary Show Cause Notice No. SEBI/HO/EAD- 3/JS/DJ/OW/P/17087-54/1/2019 dated July 5, 2019 (hereinafter referred to as, ‘SCN’ and ‘SSCN’) was issued to the Noticees in terms of Rule 4(1) of the Adjudication Rules read with Section 15-I of the SEBI Act ), to show cause as to why an inquiry should not be held and penalty not be imposed against Noticees in terms of Section 15HA of SEBI Act for the aforesaid alleged violations.
Adjudication Order in the matter of Nikki Global Finance Limited Page 4 of 48 Subodh Agarwal Director 28-Sept-2007 Till date Gaya Prasad Gupta Director 28-Sept-2007 Till date Manoj Kumar Director 29-Sept-2012 Till date Ashesh Agarwal Managing Director 01-Sept-2010 Till date Sanjay Tandon Additional Director 17-Aug-2010 Till date Adhir Khanna Director 28-Sep-2007 31-Aug-2010 Govind Das Agarwal Director 29-Sep-2012 08-May-2015
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Source: SecMarx — sebi:Order/MC/HP/2021-22/14803-14812. 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.