sebi:EAD/SR/PP/AO/89/2019-20
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 3(a)
- Reg. 4(2)(a)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- South Delhi Promotors Limited
Holding
The Noticee, South Delhi Promotors Limited, violated regulations 3(a), (b), (c) and (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing 337 non-genuine reversal trades in 40 illiquid stock options contracts on BSE, generating artificial volume of 27,75,250 units, and a penalty of Rs. 7,60,000 was imposed under section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of South Delhi Promotors Limited in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 16
Adjudication Order in respect of South Delhi Promotors Limited in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 16
Adjudication Order in respect of South Delhi Promotors Limited in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 16
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Source: SecMarx — sebi:EAD/SR/PP/AO/89/2019-20. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.