sebi:WTM/RKA/ISD/116/2016
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Facts / Headnote
Directions issued in the ad interim ex parte order dated April 17, 2015 confirmed against 99 Noticees, with certain relaxations/reliefs granted; directions against Mr. Bharat Bagri and Manjulaben Sukhdev Pandya revoked; directions against Mr. Jayesh Kesharia already revoked by order dated November 10, 2015.
Provisions invoked
- s. 11B
- s. 11
- s. 11(4)
- s. 19
- s. 11(1)
- s. 12A
- s. 12
- s. 81
- s. 11(2)
Regulations
- Reg. 3
- Reg. 4(a)
- Reg. 4(1)
- Reg. 2(1)
- Reg. 4(2)
- Reg. 2
- Reg. 4(2)(a)
- Reg. 3(a)
- Reg. 201
- Reg. 3(b)
- Reg. 3(c)
- Reg. 2(l)(c)
Holding
SEBI confirmed the directions issued in the ad interim ex parte order dated April 17, 2015 against 99 Noticees for their role in a scheme involving manipulative trading in the scrip of Mishka Finance & Trading Limited, while allowing certain relaxations such as delivery-based trades in NSE Nifty 500/S&P BSE 500 scrips, mutual fund subscriptions/redemptions, debt/government securities, ETFs, corporate actions, and tendering shares in open/delisting offers. Directions against Mr. Bharat Bagri and Manjulaben Sukhdev Pandya were revoked as their individual contribution to LTP was not significant.
Full text
Order in the matter of Mishka Finance & Trading Limited Page 2 of 114 25. Lalit Dindayal Agrawal ACNPA1462H 26. Dindayal Malchand Agarwal HUF AAEHD5856M
Order in the matter of Mishka Finance & Trading Limited Page 3 of 114 63. Vimal Banawarilal Jain AADPJ5579L Exit Providers
Order in the matter of Mishka Finance & Trading Limited Page 4 of 114 The entities mentioned at Sr. No. 1 to 101 are hereinafter collectively referred to as “the noticees” or individually by their respective names.
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Source: SecMarx — sebi:WTM/RKA/ISD/116/2016. 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.