sebi:Order/AK/AJ/2023-24/27827
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 26
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Sri Jagannath Alloys Pvt. Ltd.
Holding
The Noticee, Sri Jagannath Alloys Pvt. Ltd., was held liable for violating Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 24 non-genuine trades in illiquid stock options at BSE, and a penalty of Rs. 5,00,000/- was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Sri Jagannath Alloys Pvt. Ltd. in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Sri Jagannath Alloys Pvt. Ltd. in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Sri Jagannath Alloys Pvt. Ltd. in the matter of dealings in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/AK/AJ/2023-24/27827. 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.