sebi:Order/MC/VS/2021-22/12785-12794
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings initiated vide SCN dated January 23, 2020 disposed of; violations not established, no penalty imposed
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Usha Kothari
- Manju Mohindar
- Pushkar Chand Agarwal
- Nikhil Agarwal
- Sanjay Baid
- Subodh Kumar Verma
- Vineet Kumar Jain
- Rashidaben Kapadia
- Pankaj Kumar Singh
- Vivek Chandratan Binani
Holding
The adjudication proceedings initiated against Usha Kothari and 9 others vide SCN dated January 23, 2020 are disposed of as the alleged violations of Section 12A of the SEBI Act read with Regulations 3 and 4 of the PFUTP Regulations for creating misleading appearance of trading and causing price rise/fall were held not established.
Full text
Adjudication Order in respect of Usha Kothari and 9 others in the matter of Pincon Lifestyle Ltd. Page 2 of 24 In the matter of Pincon Lifestyle Ltd.
Adjudication Order in respect of Usha Kothari and 9 others in the matter of Pincon Lifestyle Ltd. Page 3 of 24 4. The appointment of the undersigned as AO was communicated vide order dated May 27, 2019.
Adjudication Order in respect of Usha Kothari and 9 others in the matter of Pincon Lifestyle Ltd. Page 4 of 24 allottees out of the aforesaid 21 preferential allottees were observed to be connected to Pincon.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/MC/VS/2021-22/12785-12794. 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.