sebi:Order/PM/NK/2020-21/8469-8470
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Facts / Headnote
Violations established; monetary penalty of Rs. 5,00,000/- imposed on each Noticee under section 15HA of the SEBI Act, 1992
Provisions invoked
- s. 11
- s. 19
- s. 15H
- s. 15I
- s. 15J
- s. 15
- s. 15F
- s. 24
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Sagar Dhanvant Jajal
- Chandrika Dhanvant Jajal
Holding
The Adjudicating Officer held that the sell trades of Mr. Sagar Dhanvant Jajal and Ms. Chandrika Dhanvant Jajal in the scrip of Grandma Trading and Agencies Limited (GTAL) created artificial price rise and manipulated the price of the scrip, violating Regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(a) and 4(2)(e) of the SEBI (PFUTP) Regulations, 2003. A monetary penalty of Rs. 5,00,000/- (Five Lakh Rupees) was imposed on each Noticee under section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Sagar Dhanvant Jajal and Chandrika Dhanvant Jajal in the matter of Trading Activities of Certain Entities in the Scrip of Grandma Trading And Agencies Limited .
Adjudication Order in respect of Sagar Dhanvant Jajal and Chandrika Dhanvant Jajal in the matter of Trading Activities of Certain Entities in the Scrip of Grandma Trading And Agencies Limited .
Adjudication Order in respect of Sagar Dhanvant Jajal and Chandrika Dhanvant Jajal in the matter of Trading Activities of Certain Entities in the Scrip of Grandma Trading And Agencies Limited .
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