sebi:Order/VV/NK/2021-22/14797-14802
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Facts / Headnote
Violations of PFUTP Regulations established; penalty imposed under Section 15HA of the SEBI Act
Provisions invoked
- s. 11
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(a)
- Reg. 200
- Reg. 3(a)
Parties
- Skylight Distributors Private Limited
- Suryamukhi Projects Private Limited
- Mangalmayee Hirise Private Limited
- Subhshree Hirise Private Limited
- Pushpanjali Commotrade Private Limited
- Growfast Realtors Private Limited
Holding
The six Noticees were found to have violated Regulations 3(a),(b),(c),(d), 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations by executing 60 manipulative buy trades in the scrip of Nouveau Global Ventures Ltd. that contributed to price manipulation, and were held liable for monetary penalty under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of 6 entities in the matter of price manipulation in the scrip of M/S. Nouveau Global Ventures Ltd. Page 2 of 44
Adjudication Order in respect of 6 entities in the matter of price manipulation in the scrip of M/S. Nouveau Global Ventures Ltd. Page 3 of 44
Adjudication Order in respect of 6 entities in the matter of price manipulation in the scrip of M/S. Nouveau Global Ventures Ltd. Page 4 of 44
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Source: SecMarx — sebi:Order/VV/NK/2021-22/14797-14802. 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.