Adjudication order in respect of two entities in the matter of Sterling Greenwoods Limited

Last updated: 13 October 2020
Quick Summary
The Securities and Exchange Board of India (SEBI) investigated trading in Sterling Greenwoods Limited shares between April and July 2009. The investigation found that Anurag Agarwal, MD of the company, and Paksh Developers Private Limited were involved in manipulating the share price and volume. Both parties also failed to make required disclosures under insider trading and substantial acquisition of shares regulations.

Court :
SEBI

Brief :
UNDER SECTION 15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES, 1995

Citation :
[ADJUDICATION Order/GR/KG/2020-21/9390-9391]

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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