sebi:Order/AK/AS/2023-24/26264
Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3(a)
Parties
- Devesh Commosale Pvt Ltd
Holding
The Noticee, Devesh Commosale Pvt Ltd, was found to have violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal 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 Devesh Commosale Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 15
Adjudication Order in respect of Devesh Commosale Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 15
Adjudication Order in respect of Devesh Commosale Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 15
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/AS/2023-24/26264. 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.