sebi:WTM/RKA/ISD/113/2016

SEBI · SEBI · Rajeev Kumar Agarwal, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Interim directions revoked qua Ms. N. Jayanthi, Ms. N. Nithya, Hasmukhbhai B. Patel HUF, Mr. Bharat Bagri Bagri and Ms. Sumitra Devi Agrawal; general relaxations for trading/mutual funds/debt securities granted to other noticees subject to supervision, without prejudice to further action.

Provisions invoked

• s. 11
• s. 19
• s. 11(1)
• s. 12A
• s. 81
• s. 11(2)
• s. 29
• s. 10(38)
• s. 115J

Regulations

• Reg. 2(1)(c)
• Reg. 3(a)

Holding

Interim directions dated December 19, 2014 are revoked qua Ms. N. Jayanthi, Ms. N. Nithya, Hasmukhbhai B. Patel HUF, Mr. Bharat Bagri Bagri and Ms. Sumitra Devi Agrawal, while findings of concerted price-volume manipulation and fictitious LTCG scheme are sustained against the remaining concerted scheme and general trading relaxations are granted subject to supervision.

Full text

Order in the matter of First Financial Services Limited Page 2 of 115 21 Mr. Ashokbhai Nathabhai Buha AECPB5885J 22 Mr. Bharatbhai Nathabhai Buha AAWPB3665Q 23 Gokul Securities Pvt. Limited AADCG7372B 24 Mr. Aamir Nawab Malik ATAPM4926A 25 Mr. Champakbhai Manubhai Sopariwala AHPPS8032G 26 Ms. Himanshu Champakbhai Sopariwala AVZPS5235M 27 Navratnamal Jitmal Ganna HUF AACHN5142C 28 Jinesh N. Ganna HUF AAFHJ7950P 29 Vikas N. Ganna HUF AAHHV1011R 30 Ms. Shilpa V. Ganna AFRPJ6563K 31 Ms. Priyanka J. Ganna AFQPJ7537N 32 Mr. Ketan Dhirajlal Kapasi AABPK6452F 33 Mr. Vinal Arvind Kapasi ADQPK1014P 34 Mr. Suresh Kumar Khandelia ABSPK3417A 35 Ms. Manju Khandelia ABSPK3421A 36 Anil Agrawal HUF AACHA9591E 37 Mr. Brij Bhushan Singhal AEFPS6298M 38 Mr. Neeraj Singhal ANRPS7986B 39 Ms. Uma Singhal ANRPS7987A 40 Mr. Sunder Somani AAWPS1022L 41 Mr. Kamal Khemka AAQPK0916R 42 Mr. Bharat Ramjibhai Manek AACPM3397G 43 Ms. Barti Bharat Manek AHTPM1266G 44 Mr. Chetan Ramjibhai Manek AACPM3398K 45 Mr. Sanjiv Chaudhary ACLPC7284P 46 Ms. Sunita Chaudhary ACLPC7278D 47 Mr. Anshul Jain ALGPJ9222L 48 Giriraj Prasad Manihar HUF AAAHG6195E 49 Mr. Santosh Manihar ACSPM8149E 50 Ms. Harshita Maheshwari AZWPM4747P 51 Bithal Das Parwal HUF AACHB8343P 52 Hari Narayan Parwal HUF AABHH6685K 53 N. K. Agarwal and Sons HUF AAAHN5067J 54 Vimal Kumar Mantri HUF AACHV0973P 55 Mr. Suresh Kumar Kalani ADRPK7629M 56 Mr. Gaurav Jain ACKPJ4330N 57 Mr. Prem Jain ABZPJ4150C 58 Mr. Aashish V. Aggarwal AADPA5357P 59 Amit H. Pate

Order in the matter of First Financial Services Limited Page 3 of 115 63 Ms. Harneesh Kaur Arora ACJPA6923B 64 Mr. Rajinder Kumar Singhania ABRPS7928R 65 Mr. Parveen Singhania ABRPS7929Q 66 Mr. Puneet Singhania AROPS8175R 67 Mr. Jashanjyot Singh AUPPS9752A 68 Master Trust Limited AABCM5833B 69 Master Commodity Services Limited AAACE3600M 70 Mr. Naresh Garg AAAPG1524B 71 Ms. Sangeeta Garg AAAPG5628E 72 Girishbhai Patel HUF AALHP0436L 73 Mr. Dheeraj Krishan Agarwal ABHPA9593N 74 Mr. Rajkumar T. Singh ANTPS3913J 75 Mr. Kulbir Singh AATPS8757M 76 Rajendrakumar Agarwal HUF AAEHR7685G 77 Ritesh Agarwal HUF AAMHR6805C 78 Ms. Shilpa Agarwal AERPJ3347N 79 Balkishan Atal and Sons HUF AAEFB0727D 80 Ms. Karuna Atal ABHPA0900D 81 Mr. Rajesh Atal AAEPA0264C 82 Mukesh Atal HUF AADHM9088H 83 Ms. Rajni Atal AAEPA0263F 84 Ms. Anjali Daga BFRPD1515E 85 Ramesh Kumar Daga HUF AAAHR7973K 86 Sanjay Daga HUF AABHS1744Q 87 Krishnan Kumar Daga HUF AAAHK5685D 88 Drake Properties Pvt. Limited AACCD4639H 89 Syncom Formulations Limited AAFCS6794R

Order in the matter of First Financial Services Limited Page 4 of 115 101 Blue Circle Services Limited AAACB2131L 102 Pine Animation Limited AAECM0267A 103 Forever Flourishing Finance and Investment Pvt. Limited AAACF4311Q 104 Astabhuja Construction Pvt. Limited AAKCA4137B 105 Navdurga Investment Consultants Pvt. Limited AACCN9567A 106 Nityadhara Plaza Pvt. Limited. AADCN9427C 107 Jaihanuman Multi Agencies Pvt. Limited AABCJ6667L 108 Master Securities/ Master Infrastructure and Real Estate Developers Limited AAHFM8098F 109 Dhanlakshmi Brokers Pvt. Limited AAECD4759L 110 H. S. Tradecom Pvt. Limited AACCH8988B 111 Jayine Tradecom Pvt. Limited AACCJ8342D 112 Swarna Pushpa Vanijya Pvt. Limited AAJCS0597G 113 Hari Om Suppliers Pvt. Limited AABCH2251E 114 Goldstar Tracom Pvt. Limited AADCG8045K 115 Kalakar Commercial Pvt. Limited AADCK9346B 116 Swarnapriya Vanijya Pvt. Limited AAJCS0595E 117 Surbhika Vyapaar Pvt. Limited AAJCS0680C 118 Stardox Vinimoy Pvt. Limited AAECS0352C 119 R.C. Suppliers Pvt. Limited AABCR2904A 120 Raina Vyapaar Pvt. Limited AABCR3482R 121 Ushita Trading and Agencies Limited AAACU3269L 122 Waltare Investment Pvt. Limited AAACW2314A 123 Mr. Bimal Kumar Drolia/ GRD Capital Markets Limited AABCG9640C 124 Mr. Parmanand Drolia/ Cellour Marketing Pvt. Limited AABCC0603M 125 Mr. Roshan Drolia/ Falcon Holdings Pvt. Limited AAACF4335Q 126 GRD Enclave Pvt. Limited AABCG9641D 127 Life Line Marketing Pvt. Limited AAACL5973G 128 Linton Consultants Pvt. Limited AAACL5784F

Source: SecMarx — sebi:WTM/RKA/ISD/113/2016. 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.