sebi:Order/AK/AS/2023-24/26268
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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
- Dhanesh Commercial Pvt Ltd
Holding
The Noticee, Dhanesh Commercial Pvt Ltd, was found to have indulged in fraudulent and unfair trade practices by executing non-genuine reversal trades in illiquid stock options on BSE, in violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, and a minimum penalty of Rs. 5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Dhanesh Commercial Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 14
Adjudication Order in respect of Dhanesh Commercial Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 14
Adjudication Order in respect of Dhanesh Commercial Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 14
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Source: SecMarx — sebi:Order/AK/AS/2023-24/26268. 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.