sebi:Order/AK/VP/2023-24/25979
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- 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
- Asthavinayak Commosale Pvt Ltd
Holding
The Noticee, Asthavinayak Commosale Pvt Ltd, was held liable for violating Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing 19 non-genuine reversal trades in illiquid stock options on BSE, and a penalty of Rs. 5,00,000/- was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Asthavinayak Commosale Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE.
Adjudication Order in respect of Asthavinayak Commosale Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE.
Adjudication Order in respect of Asthavinayak Commosale Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE.
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Source: SecMarx — sebi:Order/AK/VP/2023-24/25979. 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.