sebi:MC/DPS/2018-19/44
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation found; penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Jay Jyoti India Pvt Ltd
Holding
The Noticee violated Regulations 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid BSE stock options. A monetary penalty of Rs.25,00,000 under Section 15HA of the SEBI Act was imposed on Jay Jyoti India Pvt Ltd.
Full text
Adjudication Order in respect of Jay Jyoti India Pvt Ltd in the matter of Dealing in Illiquid options on the BSE Page 2 of 22
Adjudication Order in respect of Jay Jyoti India Pvt Ltd in the matter of Dealing in Illiquid options on the BSE Page 3 of 22
Adjudication Order in respect of Jay Jyoti India Pvt Ltd in the matter of Dealing in Illiquid options on the BSE Page 4 of 22
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Source: SecMarx — sebi:MC/DPS/2018-19/44. 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.