Global Finance
Penalties and directions recorded
- Five companies including EWPL restrained from buying/selling/dealing in securities for 3 years
- Global Finance debarred from accessing capital market for 5 years for acting as fund conduit
SAT-appeal
- SAT matter SATV-0BEA1094A322CFC47018D0F1For order, see Appeal No. 379 of 2004 decided on 31 July 2007Appeal: Appeal No. 362 of 2004 decided on 31 July 2007; order refers to Appeal No. 379 of 2004 decided the same day
- Manipulated SRMTL scrip price upwards by placing buy orders materially above prevailing/LTP then offloading via synchronized trades; Global Finance charged as fund conduit enabling manipulation.All seven appeals dismissed; SEBI findings on price manipulation upheld · Five companies including EWPL restrained from buying/selling/dealing in securities for 3 yearsAppeal: Appeal Nos. 362, 374, 379, 381, 389, 390 and 403 of 2004 dismissed on 31 July 2007
Source: SecMarx — Global Finance. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.