sebi:ORDER/NH/YK/2023-24/30244
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Facts / Headnote
Adjudication proceedings abated; SCN dated January 27, 2022 disposed of
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 3(a)
- Reg. 26
Parties
- Shail Agarwal
Holding
The adjudication proceedings against the Noticee, Shail Agarwal, are liable to be abated on account of her death on September 26, 2015, without going into the merits of the case, and the SCN dated January 27, 2022 issued against her is disposed of accordingly.
Full text
_________________________________________________________________ Adjudication Order in respect of Shail Agarwal 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 Shail Agarwal 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 Shail Agarwal in the matter of dealing in Illiquid Stock Options at BSE. Page 4 of 4
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Source: SecMarx — sebi:ORDER/NH/YK/2023-24/30244. 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.