sebi:Order/AP/AS/2020-21/10325
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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
- Gulshan Investment Company Ltd.
Holding
The show cause notice dated October 17, 2018 issued to Gulshan Investment Company Ltd. for alleged trading in illiquid stock options at BSE is disposed of without further inquiry following settlement.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Gulshan Investment Company Ltd. in the matter of trading in Illiquid Stock Options at BSE. Page 2 of 3
______________________________________________________________________________________ Adjudication Order in respect of Gulshan Investment Company 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/2020-21/10325. 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.