sebi:Order/MC/VS/2020-21/10656-10669
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Facts / Headnote
Adjudication proceedings against all 14 Noticees disposed of; allegations not established
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
Regulations
- Reg. 3
- Reg. 3(a)
Holding
The allegations that the 14 Noticees violated 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 by creating misleading appearance of trading and causing price rise or price fall in the scrip of Pincon Lifestyle Ltd. in a manipulative manner are not established. The adjudication proceedings are disposed of without imposition of any penalty.
Full text
Adjudication Order in respect of Amit Chaudhary and 13 others in the matter of Pincon Lifestyle Ltd. Page 2 of 48 12. Saket Kanoria (PAN AQNPK2740G) having address at 23 Jawahar Nagar Bhelupur, Varanasi, Uttar Pradesh India, 221010
Adjudication Order in respect of Amit Chaudhary and 13 others in the matter of Pincon Lifestyle Ltd. Page 3 of 48 September 20, 2016 (hereinafter referred to as “investigation period” or “relevant period”).
Adjudication Order in respect of Amit Chaudhary and 13 others in the matter of Pincon Lifestyle Ltd. Page 4 of 48 Pre-Open Session (“SPOS”) was Rs. 189.00 (on February 18, 2015) and Rs. 196.90 (on March 11, 2015) on MSEI and BSE respectively.
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Source: SecMarx — sebi:Order/MC/VS/2020-21/10656-10669. 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.