sebi:WTM/AB/IVD/ID7/10565/2020-21
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Directions issued against 10 Noticees for manipulative trading; remaining 99 Noticees not subjected to directions under Section 11B
Provisions invoked
- s. 11B
- s. 11
- s. 19
Regulations
- Reg. 4(1)
- Reg. 3(a)
Holding
Of the 109 Noticees, only 10 were found to have violated Regulations 3(a), 3(c), 4(1), 4(2)(a) and 4(2)(e) of the PFUTP Regulations, 2003 through manipulative trading in the scrip of Nikki Global Finance Ltd. during Patch 1, and directions under Sections 11(4) and 11B of the SEBI Act, 1992 were issued against them; the trades of the remaining 65 Noticees among the 75 alleged significant LTP contributors were found not significant enough to warrant regulatory directions.
Full text
Final Order in the matter of Nikki Global Finance Ltd. Page 1 of 37 WTM/AB/IVD/ID7/10565/2020-21 SECURITIES AND EXCHANGE BOARD OF INDIA FINAL ORDER
Final Order in the matter of Nikki Global Finance Ltd. Page 2 of 37 21 Raghuvansh Agrofarms Ltd. AABCR8407N 22 Sonali Agarwal ANEPA8840R 23 Umesh Kumar Agarwal ADWPA7313D 24 Manoj Kumar Agarwal ACFPA8077Q 25 Shreesh Agrawal ABPPA1510R 26 Scope Vyapar Pvt. Ltd. AAICS6023N 27 Narendra Kumar Jain ACOPJ3389F 28 Rajendra Kumar Gupta ACZPG0720G 29 Rich Udyog Network Limited AACCR9158H 30 Som Prakash Goenka AAQPG0238C 31 Samtal Financial System Limited
Final Order in the matter of Nikki Global Finance Ltd. Page 3 of 37 50 Manish Verma ACZPV3072C 51 Aman Portfolio Pvt. Ltd. AAACA2639L 52 Vinod Kumar Dhingra AAAPD3732E 53 Ahmad Sadat AABPA7646R 54 Sdl Commodities Limited AACCS6309R 55 Cityon Nano Technology Private Limited AADCC6583G 56 Ram Pher Dwivedi AADHR9909N 57 Mohammad Anwar AADPM9208K 58 Daddu Prasad (Huf) AAFHD6399L 59 Piyush Jain Huf AAHHP4178F 60 Sanjay Gupta HUF AAIHS2444E 61 Anand Kumar Chaurasia AAIPC1441K 62 Surya Bhan Singh-Huf AAJHS9953D 63 Savita Devi AAJPD3619D 64 Ramdas Agarwal (Huf) AALHR8852C 65 Sapna Devi AALPD7362F 66 Sagar Net Mart P Ltd. AAMCS8585R 67 Arun Kumar AARPS2631L 68 Sanjay Kumar AARPS2632K 69 Dilip Kumar Agrawal AASPA5063F 70 Aman Dhingra AASPD5242P 71 Renu Dhingra AASPD5245L 72 Manish Agarwal ABBPA2308K 73 Kamal Kishor Chaurasia ABJPC8088J 74 Pankaj Kumar Gupta ABKPG5661L 75 Renu Agarwal ABTPA6753A 76 Pushap Lata Girotra ACKPG2678Q 77 Param Jeet Singh ACOPS3609M 78 Divya Agarwal ACUPG5212E 79 Bindu Pandey ADIPP9231H
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Source: SecMarx — sebi:WTM/AB/IVD/ID7/10565/2020-21. 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.