sebi:Order/AK/RK/2025-26/32080
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Facts / Headnote
Penalty imposed on Noticee for violation of PFUTP Regulations
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
- Dinesh Manwani HUF
Holding
The Noticee 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 contracts at BSE, and a penalty of Rs. 5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order: Dinesh Manwani HUF in the matter of Illiquid Stock Options at BSE Page 2 of 15 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order: Dinesh Manwani HUF in the matter of Illiquid Stock Options at BSE Page 3 of 15 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: Dinesh Manwani HUF in the matter of Illiquid Stock Options at BSE Page 4 of 15 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/2025-26/32080. 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.