sebi:ORDER/NH/RJ/2023-24/29954
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Facts / Headnote
Abated - adjudication proceedings abated on death of noticee; SCN disposed of without going into merits
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 3(a)
- Reg. 26
Parties
- Mr. Amit Kumar Gupta
Holding
The adjudication proceedings against Mr. Amit Kumar Gupta abate on account of his death on October 17, 2021, and the SCN dated September 27, 2021 is disposed of accordingly without going into the merits.
Full text
_________________________________________________________________ Adjudication Order in respect of Mr. Amit Kumar Gupta in the matter of dealing in Illiquid Stock Options at BSE. Page 2 of 4 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 Order in respect of Mr. Amit Kumar Gupta in the matter of dealing in Illiquid Stock Options at BSE. Page 3 of 4 Settlement Scheme, 2022, the Noticee was advised to file a reply to the SCN within 30 days of the receipt of the letter.
_________________________________________________________________ Adjudication Order in respect of Mr. Amit Kumar Gupta in the matter of dealing in Illiquid Stock Options at BSE. Page 4 of 4 the present adjudication proceedings against the Noticee would continue or abate.
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Source: SecMarx — sebi:ORDER/NH/RJ/2023-24/29954. 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.