sebi:Order/PM/NK/2020-21/8472
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Facts / Headnote
Penalty imposed on Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Jayesh Kanungo
Holding
The Adjudicating Officer held that Jayesh Kanungo, by executing miniscule quantity sell trades over the LTP in the scrip of Grandma Trading and Agencies Limited, acted as a non-genuine seller, created a misleading appearance of trading, and manipulated the price of the scrip, thereby 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, and imposed a penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Jayesh Kanungo in the matter of Trading Activities of Certain Entities in the Scrip of Grandma Trading And Agencies Limited .
Adjudication Order in respect of Jayesh Kanungo in the matter of Trading Activities of Certain Entities in the Scrip of Grandma Trading And Agencies Limited .
Adjudication Order in respect of Jayesh Kanungo in the matter of Trading Activities of Certain Entities in the Scrip of Grandma Trading And Agencies Limited .
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Source: SecMarx — sebi:Order/PM/NK/2020-21/8472. 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.