sebi:Order/AK/RK/2025-26/32174
Facts / Headnote
Adjudication proceedings abated; Show Cause Notice dated August 04, 2022 disposed of
Provisions invoked
- s. 15
- s. 15H
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3(a)
Parties
- Gita Devi Agarwal
Holding
The adjudication proceedings against the Noticee Gita Devi Agarwal are abated on account of her death, without going into the merits of the case, and the Show Cause Notice dated August 04, 2022 issued against her is disposed of accordingly.
Full text
Adjudication order in respect of Gita Devi Agarwal in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 3
Adjudication order in respect of Gita Devi Agarwal in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 3
and therefore were alleged to be manipulative, deceptive in nature. In view of the same, SEBI initiated adjudication proceedings against the Noticee for violation of the provisions of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”).
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Source: SecMarx — sebi:Order/AK/RK/2025-26/32174. 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.