sebi:Order/AK/AJ/2023-24/28587
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Facts / Headnote
Noticee found liable for violation of PFUTP Regulations; penalty of Rs 5,00,000 imposed under Section 15HA of SEBI Act
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
- Competent Finlease Private Limited
Holding
Competent Finlease Private Limited executed non-genuine reversal trades in illiquid BSE stock options in violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations and is liable to a monetary penalty of Rs 5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect Competent Finlease Private Limited in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect Competent Finlease Private Limited in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect Competent Finlease Private Limited in the matter of dealings in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/AK/AJ/2023-24/28587. 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.