sebi:PM/NR/2020-21/10364-10366
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 15H
- s. 13
- s. 16
- s. 15I
- s. 15J
- s. 11C(6)
- s. 11C
- s. 12
- s. 11C(3)
- s. 11C(2)
- s. 23I
- s. 23J
- s. 18
- s. 23
- s. 23H
- s. 29A
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 3(a)
Parties
- Chetan Dogra
- Chetan Dogra HUF
- Daffodil Tradex Pvt. Ltd.
Holding
The Noticees were held to have violated Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a), (e) and (g) of SEBI (PFUTP) Regulations by engaging in synchronized trades, reversal trades, and self-trades to create artificial volume and manipulate the price of Urja Global Ltd. shares, and Noticees 1 and 3 were held to have violated Section 16 of SCRA, 1956 by receiving 8,20,000 shares through off-market transfers without payment of consideration.
Full text
Adjudication Order in respect of Chetan Dogra, Chetan Dogra HUF and Daffodil Trades Pvt., Ltd., in the matter of Urja Global Ltd., Page 2 of 33
Adjudication Order in respect of Chetan Dogra, Chetan Dogra HUF and Daffodil Trades Pvt., Ltd., in the matter of Urja Global Ltd., Page 3 of 33
Adjudication Order in respect of Chetan Dogra, Chetan Dogra HUF and Daffodil Trades Pvt., Ltd., in the matter of Urja Global Ltd., Page 4 of 33
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Source: SecMarx — sebi:PM/NR/2020-21/10364-10366. 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.