sebi:Order/PM/PA/2021-22/14598-14599
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Facts / Headnote
Allegations of violation of Section 16 read with SEBI Notification G.S.R 219(E) dated March 2, 2000, and Sections 13 and 18 read with Section 2(i) of SCRA, 1956 established against Noticee 1; violations of SAST and PIT disclosure regulations established against Noticees 1 and 2; PFUTP violations relating to negative LTP contribution established.
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 10
- s. 15H
- s. 13
- s. 16
- s. 15I
- s. 15J
- s. 23I
- s. 23J
- s. 18
- s. 23
- s. 23H
- s. 29A
Regulations
- Reg. 3
- Reg. 7(1)
- Reg. 4
- Reg. 13
- Reg. 199
- Reg. 13(1)
- Reg. 13(3)
- Reg. 200
- Reg. 3(a)
- Reg. 13(5)
- Reg. 12
- Reg. 7(2)
- Reg. 201
- Reg. 35
Parties
- Jinesh Devendra Bhatt
- Tarunkumar Gurucharan Brahmbhatt
Holding
The Adjudicating Officer held that Noticee 1 violated Section 16 read with SEBI Notification G.S.R 219(E) dated March 2, 2000, and Sections 13 and 18 read with Section 2(i) of SCRA, 1956, by effecting off-market transfers of securities without payment of consideration within the spot delivery period. The Noticees were also held to have violated SAST and PIT disclosure requirements and PFUTP Regulations by contributing to negative LTP through manipulative trades.
Full text
Adjudication Order in respect of Jinesh Devendra Bhatt and Tarunkumar Gurucharan Brahmbhatt Page 2 of 39 in the matter of Sampada Chemicals Ltd., and Urja Global Ltd.,
Adjudication Order in respect of Jinesh Devendra Bhatt and Tarunkumar Gurucharan Brahmbhatt Page 3 of 39 in the matter of Sampada Chemicals Ltd., and Urja Global Ltd.,
Adjudication Order in respect of Jinesh Devendra Bhatt and Tarunkumar Gurucharan Brahmbhatt Page 4 of 39 in the matter of Sampada Chemicals Ltd., and Urja Global Ltd.,
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Source: SecMarx — sebi:Order/PM/PA/2021-22/14598-14599. 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.