sebi:QJA/AA/IVD/ID4/23144/2022-23
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Provisions invoked
- s. 19
- s. 11(2)
- s. 29
Regulations
- Reg. 3
- Reg. 4
- Reg. 9
- Reg. 4(1)
- Reg. 4(b)
- Reg. 3(a)
Holding
The order finds that the new promoters, directors, and connected noticees of Sulabh Engineers & Services Limited (SESL) engaged in a manipulative scheme in violation of Regulations 3 and 4 of the PFUTP Regulations, and rejects the noticees' preliminary objection that a Chief General Manager lacks authority to adjudicate a matter remanded by SAT.
Full text
Order in the matter of Sulabh Engineers & Services Limited Page 2 of 120 32. Noticee no. 150 Mr. Ashish Agarwal AIBPA5454B
Order in the matter of Sulabh Engineers & Services Limited Page 3 of 120 4. Thereafter, 68 Noticees filed appeals against the aforesaid WTM order before the Hon’ble Securities Appellate Tribunal (hereinafter referred to as “SAT”). The Hon’ble SAT, vide
Order in the matter of Sulabh Engineers & Services Limited Page 4 of 120 Table A Annexures to SCN Annex. No. Particulars 1 Summary of daily price and volume 2 Trade Log and Order Log for the investigation period 3 Basis of connection (include off market transaction and shareholding/ directorship data) 4 Quarterly shareholding pattern of Sulabh for the quarter ending December 2010 as available on BSE website 5A Information received from the Registrar and Transfer Agent regarding entity wise details of share transfer 5B Information received from the Registrar and Transfer Agent regarding entity wise details of share transfer 6 Details of both Preferential Allotments made in March 2011 and March 2012 7 BSE email dated June 21, 2016 8 Information received from BSE regarding close out on account of non- delivery of shares 9 Trade details for trades carried out during Patch 1A 10 Trade details for trades amongst the connected entities 11 Copy of minutes of meeting wherein the preferential allotment was approved. 12 Investigation report
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Source: SecMarx — sebi:QJA/AA/IVD/ID4/23144/2022-23. 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.