sebi:WTM/RKA/ISD/104/2016
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Directions confirmed against the Noticees including restraint from accessing the capital market, freezing of demat accounts, and continued suspension of trading in the scrip of Pine Animation Limited; order to remain in force till further directions.
Provisions invoked
- s. 11B
- s. 11
- s. 11(4)
- s. 19
- s. 11(1)
- s. 12A
- s. 81
- s. 11D
- s. 115J
- s. 10(38)
- s. 11J
Regulations
- Reg. 3
- Reg. 2
Holding
SEBI confirmed the interim order directions against Pine Animation Limited, its directors, preferential allottees, promoter related entities, LTP contributors, and exit providers for engaging in a scheme involving artificial volume creation and misuse of the securities market system to generate fictitious long term capital gains. Trading in the scrip of Pine Animation Limited remains suspended and the order continues in force till further directions.
Full text
Order in the matter of Pine Animation Limited Page 2 of 89 28 Mahaganapati Financial Services Pvt Ltd AAHCM1333N 29 Nimesh S Joshi AAFPJ6734M 30 Roshni N Joshi AGSPJ6909M 31 Hitesh N Kawa AGYPK8780F 32 Roopal H Kawa ANMPK4236D 33 Akash Ranchhodbhai Golakia ALDPG8381J Not Appeared 34 Chintan Ranchhodbhai Golakia AEEPG1294G Not Appeared 35 Ranchhodbhai Jasmatbhai Golakia AAYPG3878J Not Appeared 36 Vijuben Ranchhodbhai Golakia AAWPG3157A Not Appeared 37 Sushilkumar Shribhagwan Fatehpuria AABPF1503E Not Appeared 38 Umadevi Sushilkumar Fatehpuria AABPF1507A Not Appeared 39 Pankaj Kumar Rajkumar Beria ABFPB2995P Not Appeared 40 Poonam Pankaj Beria AFTPB8600D Not Appeared 41 Rajkumar Budhram Agarwal AAPPA6950Q Not Appeared 42 Pinky Rajkumar Agrawal AAPPA6951R Not Appeared 43 Sudhesh Jajoo AAEPJ9602R Not Appeared 44 Sunil Jajoo AAEPJ9603Q Not Appeared 45 Snehlata Jajoo AALPJ9756B Not Appeared 46 Kiran Jajoo AALPJ9757A Not Appeared 47 Anuradha Jajoo AAMPJ0021E Not Appeared 48 Omprakash Jajoo AARPJ7854N Not Appeared 49 Ashish Goel AAEPG6708K Not Appeared 50 Shakuntala Maru ACIPM0237D Not Appeared 51 Paras Chand Maru ADUPM7778C Not Appeared 52 Saurabh Maru AJWPM1991R Not Appeared Preferential Allotees: 53 Hirji Morarji Shah AAEPS8716P
Order in the matter of Pine Animation Limited Page 3 of 89 65 Sanjay Dnyaneshwer Nikam (HUF) AATHS9775H 66 Santosh Yashwant Tandel ADQPT9711L 67 M/s.TVC Shares Stock & Investment Pvt Ltd AAACT8706B
Order in the matter of Pine Animation Limited Page 4 of 89 103 Sanjay Kumar Shah AJSPS5543F Not Appeared 104 Rajesh Kumar Shukla BGGPS9416R Not Appeared Exit Providers: 105 Vibgyor Financial Services Pvt Ltd AAACV8378B
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Source: SecMarx — sebi:WTM/RKA/ISD/104/2016. 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.