sebi:Order/AK/AJ/2023-24/28762
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee
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)
- Reg. 25
Parties
- Vinayak Enterprises
Holding
The Noticee, Vinayak Enterprises, is liable for a penalty of Rs 5,00,000/- under Section 15HA of the SEBI Act for violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations due to executing non-genuine reversal trades in illiquid stock options at BSE.
Full text
_________________________________________________________________________________ Adjudication Order in respect Vinayak Enterprises in the matter of dealings in Illiquid Stock Options at BSE
_________________________________________________________________________________ Adjudication Order in respect Vinayak Enterprises in the matter of dealings in Illiquid Stock Options at BSE
_________________________________________________________________________________ Adjudication Order in respect Vinayak Enterprises in the matter of dealings in Illiquid Stock Options at BSE
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/AK/AJ/2023-24/28762. 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.