sebi:MC/DPS/2019-20/4063
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Imtihan Distributors Private Limited
Holding
The Adjudicating Officer held that Imtihan Distributors Private Limited violated regulations 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options on BSE, and imposed a penalty of Rs. 5,00,000/- under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Imtihan Distributors Private Limited in the matter of Dealing in Illiquid options on the BSE
Adjudication Order in respect of Imtihan Distributors Private Limited in the matter of Dealing in Illiquid options on the BSE
Adjudication Order in respect of Imtihan Distributors Private Limited in the matter of Dealing in Illiquid options on the BSE
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:MC/DPS/2019-20/4063. 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.