sebi:Order/PM/PA/2021-22/14292-14327
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Facts / Headnote
Noticees 8, 12 and 18 held to have violated PFUTP Regulations and liable for monetary penalty under Section 15HA of SEBI Act; proceedings against deceased Maheshchandra Chunilal Shah abated.
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 3(a)
Holding
Noticees 8 (Aristo Media and Entertainment Pvt. Ltd.), 12 (Ethan Constructions Pvt. Ltd.) and 18 (Dharmendra Rikhinchandra Shah HUF) manipulated the price of ACIL in Patch-V by trading amongst themselves, thereby contravening Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and 4(2)(e) of SEBI (PFUTP) Regulations, 2003 and are liable for monetary penalty under Section 15HA of SEBI Act.
Full text
____________________________________________________________________________ Adjudication Order in the matter of Allied Computers International (Asia) Ltd., Page 2 of 24
____________________________________________________________________________ Adjudication Order in the matter of Allied Computers International (Asia) Ltd., Page 3 of 24
____________________________________________________________________________ Adjudication Order in the matter of Allied Computers International (Asia) Ltd., Page 4 of 24
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Source: SecMarx — sebi:Order/PM/PA/2021-22/14292-14327. 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.