sebi:MC/DPS/2019-20/4094
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
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Hotahoti Wood Products Limited
Holding
The Noticee, Hotahoti Wood Products Limited, was held liable for violating 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 a penalty of Rs. 5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Hotahoti Wood Products Limited in the matter of Dealing in Illiquid options on the BSE Page 2 of 16
Adjudication Order in respect of Hotahoti Wood Products Limited in the matter of Dealing in Illiquid options on the BSE Page 3 of 16
Adjudication Order in respect of Hotahoti Wood Products Limited in the matter of Dealing in Illiquid options on the BSE Page 4 of 16
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Source: SecMarx — sebi:MC/DPS/2019-20/4094. 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.