sebi:ORDER/NH/KL/2023-24/27425
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Facts / Headnote
Disposed of without going into merits
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 248
- s. 560
Regulations
- Reg. 3
- Reg. 3(a)
- Reg. 26
Parties
- Artview Vanijya Private Limited
Holding
The adjudication proceedings against M/s. Artview Vanijya Private Limited cannot be proceeded further and are disposed of without going into merits. The SCN dated March 31, 2022 stands disposed of accordingly.
Full text
Adjudication in respect of Artview Vanijya Private Limited Page 2 of 5 in stock options segment of BSE during the IP. Such trades were observed to be non- genuine in nature and created false or misleading appearance of trading in terms of artificial volumes in stock options and therefore were alleged to be manipulative, deceptive in nature. In view of the same, it is alleged that the Noticee violated the provisions of Regulations 3(a), (b), (c), (d), 4(1) and 4 (2) (a) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’). Therefore, SEBI initiated adjudication proceedings against the Noticee.
Adjudication in respect of Artview Vanijya Private Limited Page 3 of 5 been committed by the Noticee. Thereafter, vide post-SCN notice ref no SEBI/EAD2/NH/KL/2022/41484 dated August 10, 2022, the Noticee was informed about the SEBI Settlement Scheme 2022, commenced in terms of Regulation 26 of the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 in the instant matter of Illiquid Stock Options. Further, in case, the Noticee did not wish to avail the facility under the SEBI Settlement Scheme, 2022, the Noticee was advised to file a reply to the SCN within 30 days of the receipt of the SCN.
Adjudication in respect of Artview Vanijya Private Limited Page 4 of 5 companies, and shall publish notice thereof in the Official Gazette, and on the publication in the Official Gazette of this notice, the company shall stand dissolved.
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Source: SecMarx — sebi:ORDER/NH/KL/2023-24/27425. 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.