sebi:Order/AK/RK/2025-26/31842
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Facts / Headnote
Violation held established ex-parte and monetary penalty of Rs 5,00,000 imposed under Section 15HA of SEBI Act, 1992
Provisions invoked
- s. 15
- s. 11B
- s. 11
- s. 15H
- s. 15J
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Ashirwad Tie Up Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations by executing 11 non-genuine reversal trades in 3 stock option contracts creating artificial volume, and is liable to a penalty of Rs 5,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order: Ashirwad Tie Up Pvt. Ltd. in the matter of Illiquid Stock Options at BSE Page 2 of 14 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order: Ashirwad Tie Up Pvt. Ltd. in the matter of Illiquid Stock Options at BSE Page 3 of 14 settle the matter which will ameliorate the harassment of penalty proceedings to the noticees and at the same time would help to clear the backlog of these pending matters before various AOs.” (Emphasis Supplied)
Adjudication Order: Ashirwad Tie Up Pvt. Ltd. in the matter of Illiquid Stock Options at BSE Page 4 of 14 9. However, it was observed that Noticee did not avail the SEBI Settlement Scheme, in view of which, the adjudication proceeding against the Noticee was resumed in terms of Para 12 of the SCN.
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Source: SecMarx — sebi:Order/AK/RK/2025-26/31842. 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.