sebi:Order/AP/AS/2020-21/10324
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Facts / Headnote
Disposed of pursuant to settlement
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 3(a)
- Reg. 23
- Reg. 201
- Reg. 26
Parties
- Govind Trading Ltd.
Holding
The show cause notice no. EAD-4/ADJ/SRP/HKS/OW/P/28685/1/2018 dated October 12, 2018 against Govind Trading Ltd. is disposed of without further inquiry following settlement. The Noticee paid Rs 5,42,500 under SEBI's Settlement Scheme for trading in illiquid stock options at BSE, recorded in Settlement Order SO/EFD-2/SD/361/January/2021 dated January 14, 2021.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Govind Trading Ltd. in the matter of trading in Illiquid Stock Options at BSE. Page 2 of 3
______________________________________________________________________________________ Adjudication Order in respect of Govind Trading Ltd. in the matter of trading in Illiquid Stock Options at BSE. Page 3 of 3
3. In view of the above, it was alleged that the Noticee, had created false or misleading appearance of trading in the aforementioned contracts in the Stock Option Segment of BSE. Therefore, the Noticee is alleged to have violated the provisions of Regulation 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trading Practices related to Securities Markets) Regulations, 2003 (hereinafter be referred to as, the “PFUTP Regulations”).
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Source: SecMarx — sebi:Order/AP/AS/2020-21/10324. 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.