sebi:ORDER/SBM/KL/2021-22/14424
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Facts / Headnote
Adjudication proceedings abated
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 3
- Reg. 4(1)
Parties
- Late Smt. Anokhi Devi Bansal
Holding
The adjudication proceedings initiated against the Noticee, Late Smt. Anokhi Devi Bansal, stand abated as she had passed away on July 31, 2021, prior to the issuance of the Show Cause Notice dated October 14, 2021.
Full text
In respect of Late Smt. Anokhi Devi bansal Page 2 of 4 of the large scale reversal of trades that were observed in the illiquid Stock Options segment at BSE, it is alleged that these trades were non-genuine in nature and have resulted in the creation of artificial volumes in the stock options segment at BSE.
In respect of Late Smt. Anokhi Devi bansal Page 3 of 4 Adjudication Rules requiring the Noticee to show cause as to why an inquiry should not be held against her and why penalty, if any, should not be imposed on the Noticee under the provisions of section 15HA of the SEBI Act for the violations alleged to have been committed by the Noticee.
In respect of Late Smt. Anokhi Devi bansal Page 4 of 4 ORDER 9. In view of the above, I find that the instant proceeding in respect of the Noticee viz. Late Smt. Anokhi Devi Bansal initiated vide SCN dated October 14, 2021 cannot be proceeded with, as she had passed away on July 31, 2021. Therefore, the adjudication proceedings initiated against the Noticee shall stand abated.
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Source: SecMarx — sebi:ORDER/SBM/KL/2021-22/14424. 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.