Settlement Order in respect of Yogesh Pratapsinh Jadhav in the matter of Kanchan International Ltd

Last updated: 30 September 2020

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Quick Summary

SEBI investigated Yogesh Pratapsinh Jadhav for alleged violations of securities laws in the scrip of Kanchan International Ltd. between October 2011 and April 2012. The investigation found that Mr. Jadhav was involved in off-market transactions that created artificial trading volumes. While adjudication proceedings were underway, Mr. Jadhav applied for a settlement, agreeing to pay ₹19,12,500. SEBI has accepted this settlement, and the adjudication proceedings are now disposed of.

Court :
SEBI

Brief :
SEBI conducted an investigation in the scrip of Kanchan International Ltd., (KIL) to ascertain whether there was any violation of the provisions of SEBI Act, 1992 and SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market), 2003 {hereinafter referred to SEBI (PFUTP) Regulations} by certain entities, during the period October 4, 2011 and April 3, 2012

Citation :
SETTLEMENT ORDER NO. SO/PM/NR/2020-21/6244

Daily Limit Reached