sebi:WTM/SM/IVD/ID6/5558/2019-20
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Facts / Headnote
Violations of section 12A(a),(b),(c) of the SEBI Act, 1992 and Regulations 3(a),(b),(c),(d), 4(1) (and related) of the PFUTP Regulations, 2003 held against Noticee nos. 1 to 74, 75, 77, 78, 79 and 80; allegations dropped against Noticee nos. 14, 15, 16, 17, 18, 19 and 76
Provisions invoked
- s. 19
- s. 11B
- s. 12A
- s. 108
Regulations
- Reg. 4
- Reg. 3
- Reg. 2
- Reg. 3(a)
Holding
The Company (Pine Animation Ltd.) and its Directors (Noticee nos. 1 to 8) were held to have violated section 12A(a),(b),(c) of the SEBI Act and Regulations 3(a)-(d), 4(1), 4(2)(f),(k),(r) of the PFUTP Regulations for falsification of accounts and mis-utilisation of preferential allotment proceeds; Noticee nos. 10, 11, 75, 77, 78, 79 were held to have violated section 12A(a),(b),(c) and Regulations 3(a)-(d), 4(1), 2(a),(e) for price manipulation, and Noticee no. 80 for self-trades under Regulation 2(g).
Full text
__________________________________________________________________________________ Order in the matter of Pine Animation Ltd.
__________________________________________________________________________________ Order in the matter of Pine Animation Ltd.
__________________________________________________________________________________ Order in the matter of Pine Animation Ltd.
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Source: SecMarx — sebi:WTM/SM/IVD/ID6/5558/2019-20. 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.