sebi:WTM/RKA/IVD/NRO/148-150/2014
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Restrained the Noticees from accessing the securities market and from buying, selling or otherwise dealing in securities for a period of two years.
Provisions invoked
- s. 11(4)
- s. 19
Regulations
- Reg. 11
- Reg. 3
- Reg. 4
- Reg. 13
- Reg. 4(a)
- Reg. 200
- Reg. 12
- Reg. 4(b)
- Reg. 4(c)
- Reg. 199
- Reg. 4(2)
- Reg. 13(2)
Parties
- Sohit Investments Private Limited
- Mr. Anoop Chaturvedi
- Ms. Sudha Chaturvedi
- Kotwan Traders Private Limited
- Mr. Avdesh Chaturvedi
- Angel Textiles Private Limited
Holding
The Noticees violated regulation 4(a), (b), (c) and (e) of the PFUTP Regulations, 1995 read with regulation 4(2)(a), (d) and (e) of the PFUTP Regulations, 2003 by trading with an intention to create a false market in the scrip of SML and contributing to the artificial increase in its share price, and were restrained from accessing the securities market for two years.
Full text
______________________________________________________________________________ Order in respect of Sohit Investments Private Limited and Ors. Page 2 of 15
______________________________________________________________________________ Order in respect of Sohit Investments Private Limited and Ors. Page 3 of 15
______________________________________________________________________________ Order in respect of Sohit Investments Private Limited and Ors. Page 4 of 15
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Source: SecMarx — sebi:WTM/RKA/IVD/NRO/148-150/2014. 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.