sebi:EAD5/MC/CB/2019-20/3726
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- M/s Laxmi Business & Cement Company Private Limited
Holding
The Noticee was found to have violated Regulations 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations by engaging in non-genuine reversal trades in illiquid Stock Options contracts on BSE, and a penalty of Rs. 5,00,000/- was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in the matter of dealing in Illiquid Stock Options at the BSE Page 2 of 13 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in the matter of dealing in Illiquid Stock Options at the BSE Page 3 of 13 S. No. Contract Name Avg. Buy Rate (Rs.) Total Buy Volume (no. of units) Avg. Sell Rate (Rs.) Total Sell Volume (no. of units) % of Artificial Volume generate d by Noticee in the contract to Noticee’s Total Volume in the Contract % of Artifici al Volume generat ed by Noticee in the contrac t to Total Volume in the Contra ct
Adjudication Order in the matter of dealing in Illiquid Stock Options at the BSE Page 4 of 13 listed or proposed to be listed on a recognized stock exchange in contravention of the provisions of the Act or the rules and the regulations made there under.
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Source: SecMarx — sebi:EAD5/MC/CB/2019-20/3726. 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.