sebi:Order/AK/VP/2022-23/24101

SEBI · SEBI · 2022-08-29 · Amit Kapoor, Adjudicating Officer

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Facts / Headnote

Proceedings abated; Show Cause Notice disposed of

Provisions invoked

• s. 15
• s. 15H

Regulations

• Reg. 3(a)
• Reg. 26

Parties

• Late Awanta Bai Doshi

Holding

The adjudication proceedings against the deceased Noticee are liable to be abate, and the Show Cause Notice dated August 04, 2022 is disposed of accordingly, without going into the merits of the case.

Full text

Adjudication Order in respect of Late Awanta Bai Doshi in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 3

Adjudication Order in respect of Late Awanta Bai Doshi in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 3

APPOINTMENT OF ADJUDICATING OFFICER 3. In this connection, SEBI had initiated adjudication proceedings against Noticee, under SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as ‘Adjudication Rules’) for allegedly violating Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a) of SEBI (Prohibition of Fraudulent and Unfair Trading Practices relating to Securities Markets) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations’), in the matter of trading in illiquid stock options at BSE and appointed Ms. Geetha G. as Adjudicating Officer under Section 15-I of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’) to inquire into and adjudge the alleged violations by the Noticee and determine whether penalty under Section 15HA of the SEBI Act is liable to be imposed. Pursuant to transfer of Ms. Geetha G. to other department, vide order dated August 29, 2022, undersigned was appointed as Adjudicating Officer in the instant matter.

Source: SecMarx — sebi:Order/AK/VP/2022-23/24101. 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.