sebi:Order/SS/VS/2019-20/5535-5536
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Facts / Headnote
Penalty imposed on both Noticees under section 15HA of the SEBI Act
Provisions invoked
- s. 12A
- s. 15H
- s. 15I
- s. 15J
- s. 15
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 4(1)
Parties
- Trucklink Vinimay Trading Pvt. Ltd.
- River High Right Share Brokers Pvt. Ltd.
Holding
The Noticees, Trucklink Vinimay Trading Pvt. Ltd. and River High Right Share Brokers Pvt. Ltd., contravened section 12A(a), (b) and (c) of the SEBI Act and regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and (e) of the PFUTP Regulations by engaging in fraudulent and unfair trade practices through synchronized trading in the scrip of Kanak Krishi Implements Limited. A penalty of ₹5,00,000/- each was imposed on the Noticees under section 15HA of the SEBI Act.
Full text
__________________________________________________________________________ Adjudication Order in the matter of Kanak Krishi Implements Limited Page 2 of 14 (File Ref No.: EAD-2/SS/VS/57/103-104/2019-20)
__________________________________________________________________________ Adjudication Order in the matter of Kanak Krishi Implements Limited Page 3 of 14 (File Ref No.: EAD-2/SS/VS/57/103-104/2019-20)
__________________________________________________________________________ Adjudication Order in the matter of Kanak Krishi Implements Limited Page 4 of 14 (File Ref No.: EAD-2/SS/VS/57/103-104/2019-20)
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Source: SecMarx — sebi:Order/SS/VS/2019-20/5535-5536. 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.