sebi:Order/SRP/AE/2019-20/2860-2870
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Facts / Headnote
Noticees (Group Entities) held to have violated PFUTP Regulations and liable for monetary penalty under Section 15HA of the SEBI Act, 1992
Provisions invoked
- s. 15
- s. 12A
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 200
- Reg. 3(a)
Parties
- Steady Capital Advisory Services Pvt. Ltd.
- Sure Portfolio Services Pvt. Ltd.
- Saraf Equity Services Pvt. Ltd.
- Haldhar Agro Tech Pvt. Ltd.
- Supreme Multitrade Pvt. Ltd.
- Astrid Trading Pvt. Ltd.
- Clarinete Realtors Pvt. Ltd.
- Olympia Sales Agency Pvt. Ltd.
- Utkarsh Printing Press Pvt. Ltd.
- Nitin Shanichara
Holding
The 11 Group Entities created artificial volumes and inflated/manipulated the price of Emed.com Technologies Ltd through circular trading, LTP/NHP variation and first-trade manipulation, thereby violating Regulations 3(a) to (d), 4(1) and 4(2)(a), (b), (e) and (g) of the PFUTP Regulations and attracting penalty under Section 15HA.
Full text
Adjudication Order in respect of 11 entities in the matter of Emed.com Technologies Ltd Page 2 of 26 Emed”) during the period from August 26, 2013 to June 30, 2014 (hereinafter referred to as “Investigation Period”).
Adjudication Order in respect of 11 entities in the matter of Emed.com Technologies Ltd Page 3 of 26 to have been committed by the Noticees. Subsequently, Shri Biju S, Chief General Manager, was appointed as AO in the matter in place of Shri S. V. Krishnamohan. Consequent to transfer of Shri Biju S, the undersigned has been appointed as AO in the present matter on July 06, 2018.
Adjudication Order in respect of 11 entities in the matter of Emed.com Technologies Ltd Page 4 of 26 reply to the SCN. However, as per the records, I note that no reply to the SCN was furnished by the aforesaid Noticees.
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Source: SecMarx — sebi:Order/SRP/AE/2019-20/2860-2870. 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.