TaxTMI 
TaxTMI 
2017 (9) TMI 2047
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.... Preferential Allottees and the Promoter related entities (i.e. entities to whom PAL's Promoters transferred their shares in physical form) were provided exit at a high price by the entities allegedly related/connected amongst themselves and with PAL ("Exit Providers"); * 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 PAL and its Promoter/Directors, Promoter related entities Preferential Allottees, Exit Providers, LTP Contributors were in violation of SEBI Act, 1992 ("SEBI Act"), Securities Contracts (Regulation) Act, 1956 ("SCRA"), and SEBI (Prohibition of Fraudulent and Unfair Trade Practices....
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.... 39 ADUPM7778C Paras Chand Maru 40 AJWPM1991R Saurabh Maru 41 AABPF1503E Sushilkumar Shribhagwan Fatehpuria 42 AABPF1507A Umadevi Sushilkumar Fatehpuria 43 AAGHD3018R Deepak Agarwal Huf 44 AADHG0808H Govind Agarwal Huf 45 ABFPB2995P Pankajkumar Rajkumar Baria 46 AFTPB8600D Poonam Pankaj Beria 47 AAPPA6950Q Rajkumar Budhram Agarwal 48 AAPPA6951R Pinky Rajkumar Agrawal 49 AAEPJ9602R Sudhesh Jajoo 50 AAEPJ9603Q Sunil Jajoo 51 AALPJ9756B Snehlata Jajoo 52 AALPJ9757A Kiran Jajoo 53 AAMPJ0021E Anuradha Jajoo 54 AARPJ7854N Omprakash Jajoo 55 ABVPN8122C Heena Hitendra Nagda 56 AGKPB3602K Darshan D Bhanushali 57 AAEPG6708K Ashish Goel PREFERENTIAL ALLOTEES 58 AGMPK5927A Anil Kumar Kasaraneni 59 AABPD9375L Anil Vishanji Dedhia 60 ADZPC5979N Anilkumar Chamanlal 61 AACPM1902D Ankit Rajiderkumar Miglani 62 AEUPB3427L Anmol Prakash Babani 63 AREPS5118G Archana Miglani 64 AANPS2300L Archana Saluja 65 AEKPM9977L Arvind Chhotalal Morzaria 66 AADHA7870....
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....td 119 AADCD7140G Devatma Distributors Private Limited 120 AADCD6028P Dhanraksha Vincom Private Limited 121 AAECD8235D Dhlriti Traders Private Limited 122 AAECD8010E Dhyaneshwar Dealers Pvt Ltd 123 AABCD8146J Divya Drishti Traders Pvt Ltd 124 AABCD8147K Divyadrishti Merchants Pvt Ltd 125 AADCD7017J Dove Suppliers Pvt Ltd 126 AAECD5782B Dreamlight Exim Private Limited 127 AADCD0633J Dreamvalley Trading Private Limited 128 AAECD9323N Duari Marketing Private Limited 129 AAACE2862P Esha Securities Ltd 130 AABCF5486H Function Financial Consultants Private Limited 131 AAFCG2554B Gajgamini Merchandise Private Limited 132 AAFCG5351A Gangeshwari Traders Private Limited 133 AAFCG4773J Goldensight Traders Private Limited 134 AADCH3599R Hanshika Dealers Private Limited 135 AACCH8885R Helot Properties Private Limited 136 AACCH4303G Helpful Investment Advisory Private Limited 137 AADCI5139E Indrawati Nirman Pvt Ltd 138 AAECK7329P Kapeeshwar Vintrade Pvt Ltd 139 AACCL3868N Ladios Trading Private Limited 140 ....
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....une 02, 2017. 7. The directions against the remaining 176 entities were confirmed vide Orders dated June 02, 2016, July 05, 2016, August 22, 2016, and June 02, 2017. 8. Pursuant to the interim order, SEBI conducted a detailed investigation of the entire scheme employed in the instant matter, connection amongst the debarred entities, funds used for the price manipulation of the scrip of PAL, etc., so as to ascertain the violation of securities laws. 9. Upon completion of investigation by SEBI, the following are noted as regards 114 entities who were identified as Preferential Allottees, Exit Providers and LTP Contributors vide the interim order: ⇒ SEBI's investigation did not find any adverse evidence against them to show any connection/nexus with PAL or its Promoters/Directors or Promoter related entities or any role in price manipulation volume manipulation in the scrip of PAL. Hence, violation of provisions of SEBI Act, SCRA, PFUTP Regulations, etc., were not observed in respect of the following 114 entities. Sl. No. Name PAN Preferential Allottees 1 Anil Kumar Kasaraneni AGMPK5927A 2 Anil Vishanji Dedhia AABPD9375L 3 ....
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....td AABCB0636K 57 Burlington Finance Limited AABCB2575P 58 Cheroot Vanijya Pvt Ltd AAECC9285A 59 Devatma Distributors Private Limited AADCD7140G 60 Dhanraksha Vincom Private Limited AADCD6028P 61 Dhlriti Traders Private Limited AAECD8235D 62 Dhyaneshwar Dealers Pvt Ltd AAECD8010E 63 Divya Drishti Traders Pvt Ltd AABCD8146J 64 Divyadrishti Merchants Pvt Ltd AABCD8147K 65 Dove Suppliers Pvt Ltd AADCD7017J 66 Dreamlight Exim Private Limited AAECD5782B 67 Dreamvalley Trading Private Limited AADCD0633J 68 Duari Marketing Private Limited AAECD9323N 69 Esha Securities Ltd AAACE2862P 70 Function Financial Consultants Private Limited AABCF5486H 71 Gajgamini Merchandise Private Limited AAFCG2554B 72 Gangeshwari Traders Private Limited AAFCG5351A 73 Goldensight Traders Private Limited AAFCG4773J 74 Hanshika Dealers Private Limited AADCH3599R 75 Helot Properties Private Limited AACCH8885R 76 Helpful Investment Advisory Private Limited AACCH4303G 77 Indrawati Nirman Pvt Ltd AADCI5139E 78 Kapeeshwar Vi....