sebi:Order/VV/NK/2021-22/14823
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Charge of violation of Regulations 3(a),(b),(c),(d), 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations held established; penalty imposed under Section 15HA of the SEBI Act
Provisions invoked
- 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
- Vazhacholil Paul Xavier
Holding
The Noticee, Vazhacholil Paul Xavier, was held to have violated Regulations 3(a),(b),(c),(d), 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations by repeatedly placing buy orders for small quantities at prices above the last traded price in the scrip of Nouveau Global Ventures Ltd., thereby manipulating the price of the scrip.
Full text
Adjudication Order in respect of Vazhacholil Paul Xavier in the matter of price manipulation in the scrip of M/S. Nouveau Global Ventures Ltd. Page 2 of 2
Adjudication Order in respect of Vazhacholil Paul Xavier in the matter of price manipulation in the scrip of M/S. Nouveau Global Ventures Ltd. Page 3 of 3
Adjudication Order in respect of Vazhacholil Paul Xavier in the matter of price manipulation in the scrip of M/S. Nouveau Global Ventures Ltd. Page 4 of 4
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Source: SecMarx — sebi:Order/VV/NK/2021-22/14823. 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.