sebi:Order/PM/RR/2019-20/5980
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 8,00,000 imposed on the Noticee for violating SEBI PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Dineshkumar Chimanlal Darji
Holding
The Noticee, Dineshkumar Chimanlal Darji, violated Regulations 3(a), (b), (c) & (d), 4(1), 4(2)(a) and (e) of SEBI PFUTP Regulations, 2003 by engaging in manipulative and fraudulent trades that contributed to the fall in the price of the scrip of Matra Kaushal Enterprise Ltd., and a penalty of Rs. 8,00,000 was imposed under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order against Dineshkumar Chimanlal Darji in the matter of Matra Kaushal Enterprise Ltd. Page 2 | 12 SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
Adjudication Order against Dineshkumar Chimanlal Darji in the matter of Matra Kaushal Enterprise Ltd. Page 3 | 12 As observed from the above table, top 10 entities contributed Rs.375.6 to negative LTP out of Rs.673.23 market negative LTP during October 27, 2014 to June 23, 2015. However, no connection among the entities could be observed from UCC data, MCA website and off market transactions.
Adjudication Order against Dineshkumar Chimanlal Darji in the matter of Matra Kaushal Enterprise Ltd. Page 4 | 12 10/12/2014 59 45.2 -6.55 200 1 15:07:08 15:19:41 10/12/2014 62 46 -5.75 200 1 15:20:55 15:21:39 10/12/2014 68 46.6 -5.25 4000 1 15:24:40 15:27:17 17/12/2014 82 42.1 -2 800 1 15:22:19 15:23:02 18/12/2014 9 43.1 -5.45 1000 1 13:53:56 13:54:10 18/12/2014 15 45.1 -3.5 600 1 13:54:49 13:54:49 18/12/2014 17 45.1 -3.5 600 1 13:55:21 13:55:38 18/12/2014 21 45.25 -0.75 1000 1 14:16:37 14:16:41 18/12/2014 24 45.25 -2.85 499 1 14:17:50 14:19:14 18/12/2014 26 45.25 -2.9 499 1 14:17:50 14:20:43 18/12/2014 29 46.05 -1.95 95 1 14:23:20 14:52:33 18/12/2014 34 46.05 -2.2 95 1 14:23:20 14:59:56 19/12/2014 13 43.1 -5.2 900 1 12:17:31 12:17:37 19/12/2014 18 43.1 -5.2 900 1 12:17:31 12:17:47 19/12/2014 21 46 -1 100 1 12:18:12 12:20:37 19/12/2014 25 47.1 -0.9 900 1 12:23:13 12:23:16 TOTAL
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Source: SecMarx — sebi:Order/PM/RR/2019-20/5980. 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.