sebi:WTM/MPB/EFD1-DRA4/9/2019
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Facts / Headnote
Violation found; Noticees restrained from accessing and dealing in securities market for four years
Provisions invoked
- s. 11
- s. 19
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Sagar Dhanvant Jajal
- Chandrika Dhanvant Jajal
Holding
The Noticees manipulated the price of GTAL and created a misleading appearance of trading in Patch-I (April 4, 2012 to June 12, 2013) in violation of Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a) & (e) of PFUTP Regulations, and were restrained from the securities market for four years.
Full text
Order in the matter of Grandma Trading and Agencies Ltd. Page 2 of 13 (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”) by certain entities in the scrip of GTAL during the period April 4, 2012 to March 13, 2015 (hereinafter referred to as “Investigation Period”).
Order in the matter of Grandma Trading and Agencies Ltd. Page 3 of 13 5. On the basis of price movement, 4 patches were identified. The open, high, low, close price of the scrip before, during the period of investigation are as under: Period Particulars Open High Low Close Avg. Volume per day Patch I April 4, 2012 – June 12, 2013
Order in the matter of Grandma Trading and Agencies Ltd. Page 4 of 13 out. The following table illustrates the sellers to top 10 LTP contributors: Sl. no Seller Name Total No. of trade s (LTP >0) Total no. of
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Source: SecMarx — sebi:WTM/MPB/EFD1-DRA4/9/2019. 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.