sebi:Order/AK/VP/2023-24/26025
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Facts / Headnote
Penalty imposed on the Noticee for engaging in non-genuine reversal trades in illiquid stock options at BSE
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)
- Reg. 34
Parties
- ASK REALTY AND DEVELOPERS LTD
Holding
The Noticee, ASK REALTY AND DEVELOPERS LTD, was held liable for engaging in non-genuine reversal trades in the stock options segment of BSE, in violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, and a penalty of Rs. 5,00,000/- was imposed under section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Ask Realty and Developers Ltd in the matter of dealings in Illiquid Stock Options at BSE.
Adjudication Order in respect of Ask Realty and Developers Ltd in the matter of dealings in Illiquid Stock Options at BSE.
Adjudication Order in respect of Ask Realty and Developers Ltd in the matter of dealings in Illiquid Stock Options at BSE.
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Source: SecMarx — sebi:Order/AK/VP/2023-24/26025. 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.