sebi:ORDER/VKV/HKS/2019-20/4795
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 2
- Reg. 3(a)
Parties
- Capseal Vyapaar Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options at BSE creating artificial volume. A monetary penalty of Rs.6,00,000 under Section 15HA of the SEBI Act was imposed.
Full text
Adjudication Order in respect of Capseal Vyapaar Private Limited Page 2 of 23 APPOINTMENT OF ADJUDICATING OFFICER 2. Initially, Shri Jeevan Sonparote was appointed as the Adjudicating Officer (AO) by SEBI, under Section 19 of the Securities and Exchange Board of India Act, 1992, (hereinafter referred to as “SEBI Act”) read with Section 15-I (1) of the SEBI Act and Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter, referred to as “Adjudication Rules”) to conduct adjudication proceedings inter-alia in respect of the Noticee, in the manner specified under Rule 4 of the Adjudication Rules read with Section 15-I (1) and (2) of the SEBI Act, and if satisfied that penalty is liable, to impose such
Adjudication Order in respect of Capseal Vyapaar Private Limited Page 3 of 23 Adjudication Rules, the Noticee was granted an opportunity of personal hearing on September 24, 2019, vide the Hearing Notice dated September 09, 2019.
Adjudication Order in respect of Capseal Vyapaar Private Limited Page 4 of 23 (d) It is submitted that till date no investor complaints have been received for trading in the said illiquid scrips.
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Source: SecMarx — sebi:ORDER/VKV/HKS/2019-20/4795. 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.