TaxTMI 
TaxTMI 
2017 (10) TMI 1669
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....w volumes; b) After the release of compulsory lock-in period for 1 year, the Preferential Allottees and the Promoter related entities were provided exit at a high price by the certain entities allegedly related/connected amongst themselves and with Mishka ("Exit Providers"); c) By virtue of the same, it was alleged that the company and persons in charge of its affairs created preferential allotment of shares as a mode to provide fictitious long term capital gains ("LTCG") to its Preferential Allottees and Promoter related entities so as to convert their unaccounted income into accounted one; its Promoters/Directors Exit Providers, Preferential Allottees and the Promoter related entities artificially increased the volume and price of the scrip and misused securities market system for making illegal gains and to convert ill-gotten gains into genuine one to avail LTCG. 3. As the aforesaid activities of Mishka and its Promoters, Directors and suspected entities were prima facie in violation of SEBI Act, 1992 ("SEBI Act") and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 ("PFUTP Regulations") SEBI passed ....
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....6H 47 Chirag Maheshkumar Vyas ABYPV5751G 48 Sheetal Sanjay Udeshi AAAPU2596F 49 Naresh Jalan ACUPJ1252F 50 Naresh Jalan AABHN4403P 51 Mahabir Prasad Jalan ACFPJ2428J 52 Mahabir Prasad Jalan AACHM0965N 53 Harleen Kaur AECPC7959J 54 Savita Bansal AEJPB6903J 55 Smt Rashmi Jain ABTPS0026N 56 Jignesh M. Amin AAJPA2349H 57 Vimal Jain AADPJ5579L 58 Sarad Kumar B Jain AJGPS8091J 59 Ashok Kumar Chowatia AADPC6863A 60 Tarachand L Shah ABQPL6153L 61 Madanlal Babulal Chowatia AADPC6859J 62 Shankar Batra ACSPB5838R 63 Sadhna Rani ABHPA9244J 64 Ranidevi Agarwal AGEPA7936K 65 Ravinder Kumar Gupta (Huf) AADHR3405B 66 Brij Bhushan Singhal (Huf) AAAHB6923R 67 Manharlal Narottamdas Shah AAKPS3276J 68 Esha Securities Ltd AAACE2862P 69 Amrit Sales Promotion Pvt Limited AACCA3220D 70 Symphony Merchant Pvt Ltd AADCS5411K 71 Bazigar Trading Private Limited AABCB3052B 72 Rangan Vincom Private Limited AAGCR1715E 73 Ladios Trading Private Limited AACCL3868N 74 Top....
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.... Limited AARCS9144H 118 Samridhipurn Services Private Limited AATCS4365E 119 Reachsmart Dealtrade Private Limited AAFCR9881C 120 Swarnprakash Traders Private Limited AATCS6718D 121 Dhyaneshwar Dealers Pvt Ltd AAECD8010E 122 Dhlriti Traders Pvt Ltd AAECD8235D 123 Ramya Mercantile Pvt Ltd AAGCR6009M 124 Badamisati Apartments Private Limited AAFCB4546A 125 Arunavo Mukherjee ATIPM7500N 126 Shyam Kanheyalal Vyas ACTPV2787Q 127 Bharat Bagri (Huf) AADHB8488A 128 Jayesh Narendra Kesharia (Huf) AAEHJ1610D 129 Manjulaben Sukhdev Pandya ALVPP7764J 4. The directions issued against Jayesh Narendra Kesharia HUF was revoked vide Order dated November 10, 2015. Further, the directions issued against Bharat Bagri HUF and Manjuben Sukhdev Pandya were revoked vide Order dated August 26, 2016. 5. The directions against the remaining 126 entities were confirmed vide five separate orders dated October 12, 2015, October 21, 2015, April 13, 2016, July 05, 2016 and August 26, 2016. 6. Pursuant to the interim order, SEBI conducted a detailed investigation of the entire scheme employed in th....
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.... 28 Prakash Chand Sharma AGMPS2776H 29 Chirag Maheshkumar Vyas ABYPV5751G 30 Sheetal Sanjay Udeshi AAAPU2596F 31 Naresh Jalan ACUPJ1252F 32 Naresh Jalan AABHN4403P 33 Mahabir Prasad Jalan ACFPJ2428J 34 Mahabir Prasad Jalan AACHM0965N 35 Harleen Kaur AECPC7959J 36 Savita Bansal AEJPB6903J 37 Smt Rashmi Jain ABTPS0026N 38 Jignesh M. Amin AAJPA2349H 39 Vimal Jain AADPJ5579L 40 Sarad Kumar B Jain AJGPS8091J 41 Ashok Kumar Chowatia AADPC6863A 42 Tarachand L Shah ABQPL6153L 43 Madanlal Babulal Chowatia AADPC6859J 44 Shankar Batra ACSPB5838R 45 Sadhna Rani ABHPA9244J 46 Ranidevi Agarwal AGEPA7936K 47 Ravinder Kumar Gupta (Huf) AADHR3405B 48 Esha Securities Ltd AAACE2862P 49 Amrit Sales Promotion Pvt Limited AACCA3220D 50 Symphony Merchant Pvt Ltd AADCS5411K 51 Bazigar Trading Private Limited AABCB3052B 52 Rangan Vincom Private Limited AAGCR1715E 53 Ladios Trading Private Limited AACCL3868N 54 Topwell Properties Private Limited AADCT8403C 55 Sig....
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....trade Private Limited AAFCR9881C 100 Swarnprakash Traders Private Limited AATCS6718D 101 Dhyaneshwar Dealers Pvt Ltd AAECD8010E 102 Badamisati Apartments Private Limited AAFCB4546A 103 Arunavo Mukherjee ATIPM7500N 104 Shyam Kanheyalal Vyas ACTPV2787Q 105 Wave Inter Trades Pvt Ltd AAACW0576A 106 Embassy Finance & Consultants P Ltd AAACE1313P 107 Tohee Trading & Agencies Pvt Ltd AAACT1354P 108 Sulabh Impex Ltd AAICS7362Q 109 Pearl Arcade Trading Private Limited AAFCP6925M 110 Dhlriti Traders Pvt Ltd AAECD8235D 111 Ramya Mercantile Pvt Ltd AAGCR6009M 112 Brij Bhushan Singal AEFPS6298M 113 Brij Bhushan Singal HUF AAAHB6923R 8. Considering the fact that there are no adverse findings against the 104 entities mentioned at S. No. 1-104 in Table No. 2 with respect to their role in the price manipulation /prima facie violations for which Interim Order dated April 17, 2015 was passed and subsequently confirmed in the scrip of Mishka warranting continuation of action under Sections 11B and 11(4) of the SEBI Act, I am of the considered view that t....